February 2026

The One Big Beautiful Bill Act, signed into law on July 4, 2025, created a brand new deduction that lets taxpayers write off interest paid on car loans. For anyone who financed a new vehicle purchase this year or plans to buy one before 2029, this provision deserves careful attention.

Nobody wants to think about criminals rifling through their financial life, but tax return fraud has turned into one of the biggest headaches facing American taxpayers. The IRS flagged over a million returns for possible identity theft back in 2023 alone—returns worth roughly $6.3 billion in fraudulent refunds.