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 Treasury Department and the Internal Revenue Service (IRS) issued new guidance on the provision known as "No Taxes on Car ...

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 ...

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

President Donald Trump‘s massive agenda law makes some new tax breaks available. That is, beyond making permanent a series of lowered rates from Trump’s signature domestic achievement from his first, ...

Starting your taxes? There’s a new break this year if you bought a car in 2025. Consumer Investigator Rachel DePompa shares ...

Car buyers may now benefit from a new tax break that allows them to deduct up to $10,000 in auto loan interest each year from their federal income taxes — reducing their taxable income. The provision, ...

A number of the federal tax changes in the “Big Beautiful Bill” deliver less than they seem to promise, but nonetheless offer opportunities for some people to save a bit of money. In last week’s ...