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

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 ...

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

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 ...

Some people who’ve bought a new car recently might be eligible for up to a $10,000 deduction on their federal taxes. As part of the ‘One Big Beautiful Bill’ passed by Congress early last year, a ...

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 ...

President Donald Trump announced Friday a new policy instituting auto loan interest deductions for American-made cars. “If you buy a car in the United States that’s made in the United States, if it’s ...

The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan ...