olusegun_abq

01/10/2026

01/10/2026

IRS FILLING OPEN WINDOW: Jan 26 2026 to April 15 2026.

01/09/2026

Nigeria is a prominent electricity supplier for various West African countries.

As of Q3 2025, Togo, Niger, and Benin collectively owed Nigeria $17.8 million in outstanding electricity debts.

These nations settled $7.125 million out of the invoiced $18.69 million for electricity supplied during the specified period.

Domestic Nigerian energy distribution companies achieved a 95.21% remittance performance out of the invoiced amount.

01/09/2026

IRS UPDATE ON ONE BIG BEAUTIFUL BILL PASSED BY CONGRESS ON JULY 2025

Overview of the new deduction

Effective 2025 through 2028, individuals may deduct interest paid on a loan used to purchase a qualified vehicle for personal use that meets other eligibility criteria. Lease payments do not qualify.
Maximum annual deduction is $10,000.
Phases out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers).
What counts as qualified interest

Interest must be paid on a loan that:

Originated after December 31, 2024
Was used to purchase a vehicle originally used by the taxpayer
Was secured by a lien on the vehicle
Was for a personal-use (nonbusiness) vehicle
If a qualifying vehicle loan is later refinanced, interest paid on the refinanced amount is generally eligible for the deduction.

​​​What counts as a qualified vehicle

A qualified vehicle is a car, minivan, van, SUV, pickup truck or motorcycle that:

Has a gross vehicle weight rating of less than 14,000 pounds
Underwent final assembly in the United States.

01/09/2026

IRS UPDATE ON ONE BIG BEAUTIFUL BILL PASSED ON JULY 2025

01/09/2026

IRS update

12/30/2025