H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special ...
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Investment interest expense deduction explained
If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan's interest from the taxable ...
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IRS News Release: IRS Updates FAQs Regarding Changes to the Deduction for Business Interest Expense
The IRS has updated the frequently asked questions on changes to the limitation on the deduction for business interest expense under the One Big Beautiful Bill. The updates address amendments ...
Clarifying that business interest expense includes any interest incurred and capitalized during the tax year The Internal ...
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