Are You Up to Speed on the Auto Loan Interest Deduction?

If you’re interested in claiming the deduction, here’s some background to get you up to speed on this potentially valuable tax break.

 

Are You Up to Speed on the Auto Loan Interest Deduction?

If you’re interested in claiming the deduction, here’s some background to get you up to speed on this potentially valuable tax break.

 

KWC is a team of accountants and advisors all dedicated to the founding principle of providing quality personal service. We are committed to helping you reach your financial goals by providing innovative accounting solutions to today’s complex problems. Our strong client relationships are built on the knowledge and responsiveness of our service teams. We take the time to understand you and your organization.  As your trusted advisors, we anticipate and plan for opportunities to drive your success.

KWC specializes in providing tax, audit, accounting, business consulting services and client advisory services (including outsourced accounting, virtual CFO services, internal control analysis, accounting systems analysis and design) for businesses, individuals, estates, trusts, non-profit organizations, and employee benefit plans. Our diverse client base served includes industries such as professional service firms, government contractors, non-profits, real estate, construction and specialty contractors, and healthcare providers. KWC is the CPA firm clients trust in Alexandria, Arlington, Fairfax, Tysons Corner, Springfield, Arlington, the Richmond Metropolitan Area, Northern Virginia, Washington, D.C. and Maryland.

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Firm News & Updates

Are You Up to Speed on the Auto Loan Interest Deduction?

Are You Up to Speed on the Auto Loan Interest Deduction?

The One Big Beautiful Bill Act (OBBBA), enacted in the summer of 2025, includes a new temporary federal income tax deduction for auto loan interest. On January 2, 2026, the IRS published in the Federal Register proposed regulations addressing the write-off — which is...

Are You Ready for the New Roth Catch-Up Contribution Rules?

Are You Ready for the New Roth Catch-Up Contribution Rules?

Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, enacted in 2022, included a major change to the catch-up...

KWC Named One of the 2026 Best Places to Work in Virginia

KWC Named One of the 2026 Best Places to Work in Virginia

Virginia Business has named KWC CPAs as one of the 2026 Best Places to Work in Virginia. The awards are held in partnership with Best Companies Group. Best Places to Work in Virginia identifies, recognizes and honors the best places of employment in Virginia in three...