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.
When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.
MiBolsilloColombia on MSN
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 ...
Guessing Headlights on MSN
What the new $10,000 auto loan interest deduction really means for car buyers
A viral post claims a $10,000 tax credit for buying American cars. The truth is a more modest deduction for loan interest. We ...
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.
He almost signed his own deportation. A habeas petition in a New Mexico federal court saved him.
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 ...
As tax season descends, a new program allowing tax deductions for some new car loans could save some Texans money.
The IRS said it expects 164 million individual tax returns to be filed.
When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results