The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.

Anyone in the market for a car will soon be able to write off fees for their purchase as a tax exemption. The Senate ...

The new BBB tax cuts bring targeted relief, but for many taxpayers, actual savings may be limited or even unnoticeable in ...

After excluding fleet and commercial vehicles and customers above the income cutoff, an estimated 3.5 million new vehicle loans could be eligible for the tax break this year, if purchasing patterns ...

Let's assume an interest rate of 9.5% on a six-year car loan. On a $42,000 car loan in this example, the borrower would pay $768 a month. The first year of interest would add up to a bit more than ...

Credit scores between 501 and 600 carry a 13.08% average interest rate on a new car loan, while 300 to 500 ratings incur a 15.75% rate. If the average driver pays $2,000 on auto loan interest in a ...

For top-bracket taxpayers, the Proposed Deduction reduces the effective tax rate on qualifying BDC interest income from 40.8% to 32.29%, an 8.51% reduction.