Effective July 1, 2025 the maximum doc fee is the lesser of $350 or 10% of the value of the sale or lease. The 10% cap only applies if the value of the vehicles is $3,499 or less. Charging a doc fee is optional — dealers are not required to collect it — MADA does not receive any share of this fee.
New Deductions for “Qualified Overtime Compensation”
IRS Issues FAQs on the New Deduction for “Qualified Overtime Compensation” — What Dealerships Need to Know The “Big Beautiful Bill Act” created a new above-the-line federal income tax deduction for certain overtime compensation, often referred to as the “No Tax on...