David Guy, Author at BNG Advisory

Debt

Proposed Regulations on Car Loan Interest Deduction Explained

Proposed IRS regulations could change how businesses and individuals handle car loan interest. For 2025–2028, qualified personal vehicle loan interest is newly deductible—up to $10,000 per year—but only for outright car purchases, not leases. Lenders and assignees must now report interest of $600 or more.…

David GuyFebruary 9, 2026

Employees Tax

Understanding Overtime Compensation and Tip Deductions for Hourly Employees

The new One Big Beautiful Bill Act brings major tax perks for hourly workers earning tips or overtime. With fresh IRS rules for 2025, you can potentially lower your tax bill—but you’ll need to keep your own records and know the qualifications. Want to make…

David GuyJanuary 24, 2026

Tax

U.S. tax law changes for 2025: What filers need to know

Major U.S. tax law changes in 2025 are set to overhaul deductions, credits, and federal brackets—bringing the biggest updates in years. Expect a higher standard deduction, expanded child tax credits, new personal deductions, and shifts in tax brackets. Whether you’re a novice or seasoned filer,…

David GuyJanuary 23, 2026

David Guy

Proposed Regulations on Car Loan Interest Deduction Explained

Understanding Overtime Compensation and Tip Deductions for Hourly Employees

U.S. tax law changes for 2025: What filers need to know

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