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

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

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

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 ...

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.

So how much can you save with the OBBBA? Let’s break down how it works and what your new car purchase means for your taxes. There are also income limits built into the law. You can get the full tax ...

The “No Tax on Car Loan Interest” provision in the One Big Beautiful Bill Act allows eligible new car buyers to deduct up to $10,000 in car loan interest per year. This deduction is only applicable to ...

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 ...