tax-deductible

Welcome to this week’s edition of the Surge, a newsletter that sees how auto loans for American-made cars could soon be tax-deductible and has preordered a dozen new Ford F-150s.

The letter also asks Trump to extend Section 181 of the federal tax code and increase the caps on tax-deductible qualified film and TV production expenditures, as well as reinstating the ability to carry back losses, which the groups say would give production companies more financial stability.

If you dip into the pbs.org website, where programs from across the country are available to stream, most for free — a tax-deductible donation of $5 a month gets you a “PBS Passport” that unlocks the rest — you will find “Michigan Out-of-Doors,” “Wyoming Chronicle,” “Kentucky Afield,” “Prairie Sportsman,” “Virginia Farming,” “Tennessee Crossroads,” the Indigenous “Native Report,” shows on woodworking, fishing, quilting and high school sports.

The financial institution that, in 2023, moved its headquarters to Los Angeles said it would put $1 million into a relief and recovery fund, noting that anyone looking to help could make tax-deductible donations to the fund.

That's because many of these deductions can only be taken if you're itemizing, meaning you're adding up all of your tax-deductible spending like state and local taxes, mortgage interest and charitable contributions.