IRS alert: How to claim new tax deduction worth up to $10,000

To qualify for the full deduction, your taxable income can’t be more than $100,000 if you’re a single filer or $200,000 if ...

Interest on new car loans is now tax deductible up to $10,000—here's how much buyers may actually save

A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller ...
Forbes

A First Look At The New Tax Form For Claiming Deductions For Tips, Overtime, Car Interest And Seniors

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Not Everyone Can Claim the New Car Loan Interest Deduction: What You Need To Know

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a new vehicle assembled in the United States.

Up to $10,000 IRS car loan interest tax deduction in 2026: are you eligible under new income limits and vehicle rules?

The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This ...

If You Borrowed To Buy A New Car In 2025, You Might Get To Deduct The Interest

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.
Fox Business

Treasury implementing Trump’s car loan interest tax break: 'Putting money back in the pockets'

The Treasury Department is implementing President Donald Trump’s No Tax on Car Loan Interest policy, a measure designed to lower costs for American families, Treasury Secretary Scott Bessent said ...

4 new deductions could lower your tax bill. What to know.

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.
Los Angeles Times

Made-in-U.S. cars to qualify for new tax perk, IRS says

Taxpayers who bought a new car in 2025 may qualify for a new tax break in the upcoming filing season — so long as that vehicle was made in the U.S., the Internal Revenue Service said. Taxpayers should ...