2025 Mini Countryman: More spacious cabin, updated tech
The 2025 update has Level 2 autonomous driving systems that allow drivers to take their hands off the steering wheel on highwaylike routes at speeds of up to nearly 38 mph.
Automakers, Tier 1 companies ask suppliers for parts payment delays as investment costs mount
Some automakers and Tier 1 parts companies, on the hook for billions of dollars in EV and software-related investments, are asking their supply chains for longer payment terms or to defer payments entirely.
The Savings Game: How self-employed can deduct health care premiums
A few months ago, in response to a question from a reader, I discussed the deduction of health care premiums. I received many responses, and several readers raised issues related to this deduction.
Many self-employed individuals were unaware of this deduction or misunderstood how to take it. So in this column, I will provide more details.
Most individuals no longer itemize and are under the impression that because they use the standard deduction, they no longer can deduct any health care expenses on their tax return. However, self-employed individuals are allowed to deduct premiums for health care.
These deductions are not included on Schedule C. They must be included on Schedule 1, Form 1040.
All premiums you pay for medical and dental insurance are deductible. Premiums for Medicare Parts B, C and D are allowable deductions. Long-term care premiums that are IRS-tax qualified are deductible.
You can also deduct premiums paid for your spouse, dependents and non-dependents under age 27.
There are deduction limits associated with premiums for long-term health care insurance. Following are the limits for 2023 and 2024.
Baltimore bridge collapses after ship collision; auto shipping hub operations face disruption
The port handles imports and exports for major automakers including Nissan, Toyota, General Motors, Mazda, Subaru, Volvo, Jaguar Land Rover and the Volkswagen group — including luxury models for Audi, Lamborghini and Bentley.
New EPA rule provides clarity, flexibility for the EV transition, suppliers say
Suppliers praised revisions the EPA made to its vehicle emission standards, saying the new rule provides clarity on where the EV market is headed while giving the industry enough leeway to make the targets feasible.