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 ...
In most cases, personal loan interest isn’t tax-deductible, unless the loan is used for specific purposes such as for business or investment expenses. Try This: 5 Subtly Genius Moves All Wealthy ...
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.
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 “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 ...
Find out if your new car or truck was built in the United States. See the window sticker or use a VIN Decoder tool at the National Highway Traffic Safety Administration website. Beginning on 2025 tax ...