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

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

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 ...

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.

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

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

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 federal income tax returns.

The 2025 Trump tax law introduced several new above-the-line deductions. Learn if you can deduct interest on your car loan, tip income, or overtime pay on your 2025 return.

The “No Tax on Car Loan Interest” provision allows anyone who’s purchased a car from 2025 on to deduct the interest paid on the loan when they file their taxes. There are a few stipulations before you ...

Former President Donald Trump dropped a bit of a tax bombshell at the Detroit Economic Club on Thursday, saying he plans to propose making interest on car loans fully deductible. Trump, knowing the ...

A new bill introduced in the Illinois Senate would allow drivers to write off interest paid on certain car loans, closely ...