Deal Income Tax LLC

Based on the "
One, Big, Beautiful Bill Act", taxpayers can deduct up to $10,000 in interest paid annually on loans for new, U.S.-assembled personal vehicles (cars, SUVs, trucks, motorcycles) under 14,000 lbs purchased between Jan 1, 2025, and Dec 31, 2028. The vehicle must be financed (not leased) and used for personal, non-commercial purposes.

Who has to file a BOI report? Every LLC, corporation, or other entity that was created by filing a document with a secretary of state or equivalent office must file a BOI report