Core Points - The One Big Beautiful Bill Act introduces a tax deduction for car loan interest, allowing eligible taxpayers to deduct up to $10,000 from their federal taxes for tax years 2025 through 2028 [2][14] - The deduction is an above-the-line deduction, meaning it can be claimed regardless of whether the taxpayer itemizes deductions or takes the standard deduction [2] Eligibility Criteria - To qualify for the full deduction, single filers must have a taxable income not exceeding $100,000, while married couples filing jointly must not exceed $200,000; the deduction phases out for incomes above these thresholds [3] - The vehicle must be for personal use, purchased new after December 31, 2024, and have its final assembly location in the U.S. [7][16] Calculation of Deduction - The deduction is based on the interest paid on the car loan, not the total loan payment; for example, if a taxpayer paid $2,418 in interest, this amount would reduce their taxable income, not their tax bill directly [8][10] - Taxpayers must file Schedule 1-A to report the deduction, including the amount of interest paid and the vehicle's VIN [12][15] Additional Information - Electric vehicles qualify for the deduction if they meet the same criteria as other vehicles [16] - Business-related car loan interest deductions are also available for self-employed individuals or business owners, following existing rules prior to the OBBB [18][19]

Core Insights - Centene Corporation (CNC) has experienced a significant decline in share price, losing 56.8% year to date, underperforming compared to its industry, sector, and the Zacks S&P 500 composite [2][3] - The company reported its first quarterly loss in over a decade in Q2 2025, driven by elevated healthcare utilization and medical cost pressures, with a health benefits ratio (HBR) reaching 93% [3][11] - Centene's operating costs surged by 27.4% year over year in Q2 2025, totaling $49.2 billion, primarily due to rising medical, tax, and administrative expenses [11][13] Company Performance - Centene's stock is currently undervalued, trading at a price-to-earnings multiple of 10.14, lower than the industry average of 11.46 [10] - The company has cut its 2025 earnings per share guidance to $1.75 from over $7.00, reflecting the impact of increased healthcare utilization trends [11][14] - Despite growth in Marketplace membership, revenues were negatively affected by a shortfall in anticipated 2025 risk adjustment transfer payments and high medical utilization rates [15] Market Position - Centene holds a significant market share in government-sponsored healthcare, with operations in Medicaid, Medicare Advantage, ACA Marketplace, and more [18] - The company has expanded its footprint through acquisitions over the past decade, which supports long-term revenue growth [18] - The One Big Beautiful Bill Act (OBBB) is expected to introduce approximately $1 trillion in federal Medicaid cuts over the next decade, impacting Centene's operations [22] Financial Metrics - Centene's return on equity (ROE) for the trailing 12 months was 9.7%, underperforming the industry average of 21.1% [23] - The return on invested capital (ROIC) was 6.7%, also lower than the industry average of 9% [24] - Long-term debt stood at $17.6 billion as of June 30, 2025, exceeding cash and cash equivalents of $14.5 billion [17] Analyst Sentiment - The Zacks Consensus Estimate for 2025 earnings indicates a 70% year-over-year decrease, while the estimate for 2026 suggests a 51% increase [25] - Recent consensus estimates for 2025 and 2026 earnings have decreased by 48.3% and 36.2%, respectively, in the past week [25]

One of the biggest decisions you have to make at tax time is whether to take the standard deduction or itemize. More than 90% of taxpayers opt for the standard deduction, according to IRS data. But itemizing might make sense in a few situations, like if you paid a lot in mortgage interest or had high unreimbursed medical expenses in 2025. Let’s look closer at the difference between the standard deduction versus itemized returns. We’ll also cover some important changes under the One Big Beautiful Bill Act ...