Is vehicle sales tax deductible? Find out how you can lessen your tax burden. Learn who can qualify and how you can claim and calculate your deduction.

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your taxes.

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.

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

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 ...

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

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

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 ...

As tax season descends, a new program allowing tax deductions for some new car loans could save some Texans money.

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