ABA recommends changes to proposed car loan interest tax deduction regulations
By ABA Banking Journal Staff
AI Summary
- ABA recommends changes to IRS proposed regulations on car loan interest tax deduction to reduce compliance burden for taxpayers.
- The article does not provide specific details on the recommended changes.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. It is a general regulatory proposal affecting all credit unions nationwide.
Original Content
ABA is recommending that the IRS make several changes to its proposed regulations to implement a new tax deduction for certain automobile purchases, saying the revisions would greatly reduce the compliance burden for taxpayers. The post ABA recommends changes to proposed car loan interest tax deduction regulations appeared first on ABA Banking Journal .