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New Tax Breaks Under Trump: Are El Paso Residents Benefiting?

KVIA••CNN Newsource
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This tax season, eligible taxpayers can take advantage of several new tax measures introduced by President Trump, including deductions for tips, overtime income, and car loan interest, along with increased state and local tax deduction caps. While these changes promise larger refunds for some, many taxpayers face challenges due to income limits and other restrictions, making it difficult to claim these benefits. Local residents are encouraged to share their experiences with claiming these new tax breaks, as their stories may be featured in future reports. Understanding these provisions is crucial for maximizing potential tax refunds this year.

Key Details: • New tax measures include deductions for tips, overtime, and car loan interest. • Increased cap on state and local tax deductions available. • Eligibility may be limited by income and other factors. • Residents are invited to share their experiences with claiming these benefits.

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