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

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 ...

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

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 ...

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 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 ...

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 ...

Is vehicle sales tax deductible? Find out how you can lessen your tax burden. Learn who can qualify and how you can claim and calculate your deduction.

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...