2026 tax deduction guides

Plain-English explanations of the new OBBBA deductions — overtime, tips, car loan interest, the senior deduction and the SALT cap — with worked examples and IRS sources.

• Car loan interest deduction in 2026: which vehicles and loans qualify

  The 2026 car loan interest deduction explained: $10,000 limit, new US-assembled vehicles, loan rules, VIN reporting, income phase-outs and how to claim.

• Documents to gather for the new OBBBA deductions: a checklist

  A checklist of records to collect before filing for the tips, overtime, car loan interest, senior and SALT deductions in 2026.

• No tax on tips in 2026: eligibility, limits and how to claim

  Who qualifies for the 2026 no-tax-on-tips deduction: the $25,000 limit, tipped occupations, phase-outs, self-employed rules and how to claim it.

• OBBBA deduction income limits for 2026, side by side

  Side-by-side income limits and phase-out rates for the 2026 overtime, tips, car loan interest, senior and SALT deductions.

• No tax on overtime in 2026: who qualifies and how to claim

  How the 2026 overtime tax deduction works: the $12,500 / $25,000 limit, which overtime counts, income phase-outs, and how to claim it on Schedule 1-A.

• The 2026 SALT cap: $40,400, the phase-down and who benefits

  The 2026 SALT deduction cap is $40,400, phasing down above $505,000 MAGI. See how it works, who benefits, an example, and when the cap reverts.

• Schedule 1-A explained: how to claim the new deductions

  What Schedule 1-A is, which deductions it covers (tips, overtime, car loan interest, seniors), how it flows to Form 1040 and what to have ready.

• The $6,000 senior deduction in 2026: who gets it and how much

  How the $6,000 senior deduction works in 2026: who qualifies, the $75,000 / $150,000 phase-out, worked examples and how to claim it.

• Standard vs itemized deduction in 2026: which saves more?

  2026 standard deduction amounts ($16,100 / $32,200 / $24,150) and when itemizing wins, with the new SALT cap and OBBBA deductions.

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