The Senate's version of Trump's big spending bill doubles down on condensing income-driven repayment plans and places caps on ...

The interest rate for undergraduate federal student loans disbursed between July 1, 2025 and June 30, 2026 will be 6.39%, ...

All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

Tax season can feel like a maze, and it’s easy to miss out on valuable deductions that could put more money back in your ...

The House bill would increase the child tax credit to $2,500 per eligible child from 2025 through 2028, among other changes.

The auto loan interest deduction would be temporary under the ... a credit score that was dinged in 2025 by nonpayment of student loans. Credit scores for student loan borrowers started getting ...

New tax cuts. Massive spending on border security. Cuts to social safety net programs. Pullbacks on investments to fight climate change. New limits on student loans. If it becomes law, President ...

First off, the basics: you can deduct the lesser of $2,500 or the actual interest you paid on federal or private student loans used for higher education. The IRS says it's an "above-the-line ...

Tax season opened in January 2025 to file returns for the 2024 financial year and taxpayers who have student loans need to know how to deduct the interest correctly. It’s important to keep in mind ...

If you made student loan payments last year, you may be able to deduct the interest. Both were paused for more than three years during the Covid-19 pandemic. But interest started accruing again in ...

The student loan interest deduction allows eligible taxpayers to deduct up to $2,500 in interest paid on federal or private ...