There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?

A new 2025 tax break lets car buyers deduct up to $10,000 in interest, offering potential savings and boosting auto sales.

A new federal deduction allows some drivers to write off interest on new car loans. Here’s who qualifies and how to claim it.

The IRS has released guidance on a new deduction that allows eligible taxpayers to write off up to $10,000 in auto loan ...

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 ...

Interest on auto loans is now deductible for some, but strict rules on income, vehicle type, and timing narrow who benefits.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What ...

The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan being a first lien on the vehicle. The deduction has an annual limit of $10 ...

Filing taxes may be more complicated this year as several new deductions take effect for the first time.

Learn about new 2025 tax deductions and credits from the OBBBA, including overtime, senior and car loan breaks, so you can ...