We present a comprehensive study of ultraluminous infrared galaxies (ULIRGs), leveraging data from the Infrared Astronomical Satellite Faint Source Catalogue and the spectroscopic catalog in the Sloan Digital Sky Survey Data Release 16. Our meticulous crossmatching technique significantly enhances the reliability of ULIRG identification, resulting in the identification of 283 reliable ULIRGs, including 102 new detections, while discarding 120 previously reported false sources. Covering a redshift range of z=0.018-0.996, with a median redshift of \bar{z}=0.259, our uniform sample reveals apparent interaction features in approximately 40% of ULIRGs, increasing to 92% for those with z<0.1. Through optical spectra analysis, it is indicated that over 58% of ULIRGs host an active galactic nucleus (AGN), which is twice as high as detections based solely on infrared colors. Moreover, a pronounced excess of radio emissions associated with AGN activity results in a steeper radio-far-infrared correlation. Notably, Type I ULIRGs exhibit properties similar to those of narrow-line Seyfert 1 galaxies, with an elevated incidence rate of Mg ii broad absorption lines (16.7%), surpassing that of typical optically selected quasars by over tenfold, consistent with current evolutionary models. We anticipate that forthcoming telescopes such as the China Space Station Telescope and Leighton Chajnantor Telescope will provide deeper insights into ULIRG morphology, dust distribution, molecular gas, and AGN activity.