Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?
When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
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Buying a new car? A new tax law could give you a $10,000 deduction.
A new tax law allows filers to deduct up to $10,000 in new car loan interest from 2025 to 2028. Find out the eligibility ...
The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these ...
For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...
The Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...
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 ...
The IRS is set to begin accepting and processing 2025 tax returns on Jan. 26. What to do to avoid delays and mistakes as new ...
There are several ways to buy a new car, from purchasing one outright with cash to financing it through a car loan. Now, however, a provision in the recently passed One Big Beautiful Bill (OBBB) ...
He almost signed his own deportation. A habeas petition in a New Mexico federal court saved him.
As tax season descends, a new program allowing tax deductions for some new car loans could save some Texans money.
When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
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