The Car Loan Interest Deduction: The Lender Statement and Vehicle Details You Need

Steve Perry

Published on: 12/11/2026

Form 1098-VLI shows the interest you paid, not what you can deduct. Steve Perry, EA explains the lender statement, vehicle details, and purchase records the deduction depends on.

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Qualified Overtime on Your W-2: What to Confirm With Payroll Before January

Steve Perry

Published on: 11/11/2026

The 2026 overtime deduction depends on W-2 code TT. Steve Perry, EA explains what business owners should confirm with payroll before January to avoid corrected forms and IRS notices.

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New Tax Deductions for Tips, Overtime, Car Loans, and Seniors: The Records Each One Requires

Steve Perry

Published on: 10/11/2026

The new deductions for tips, overtime, car loan interest, and seniors depend on records the IRS can now match. Steve Perry, EA explains what each one requires before filing season.

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The Form 1099-K Gap: Reconciling Payment App and Card Income Before It Is Reported

Steve Perry

Published on: 04/11/2026

Your Form 1099-K reports gross card and app activity, not net sales. Learn how to reconcile processor totals with your books before January 31 with Steve Perry, EA.

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