Trump’s $10,000 tax break for car owners promises big savings, but reaching it may require a vehicle priced well into the six figures. Here’s why

When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
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In the market for a new car? Prepare for sticker shock

New car buyers can expect to shell out an average of more than $50,000 for the first time, according to a report from Kelley Blue Book.Related video above: Federal tax credit for electric vehicles ...