NYSE:HRBConsumer Services
Did New Car Loan Tax Deduction Rules Just Shift H&R Block's (HRB) Small-Business Narrative?
Earlier this tax season, H&R Block highlighted a recent tax law change that lets small business owners deduct both business and personal portions of car loan interest, explaining how to allocate use and report it correctly on returns.
This expanded deduction could push more small business owners toward professional tax support, underscoring how evolving rules may increase demand for H&R Block’s services.
We’ll now examine how this expanded car loan interest deduction for small businesses...