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

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...

The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these ...

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 ...

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 ...

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 federal income tax returns.

The Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...

The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...

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 ...