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 ...

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 rules and income limits.

Some people who’ve bought a new car recently might be eligible for up to a $10,000 deduction on their federal taxes. As part ...

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

Add Yahoo as a preferred source to see more of our stories on Google. Choosing to buy a new car over a used one can help cut down on the maintenance costs that often accompany previously-owned ...

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.

Editor's note: President Donald Trump signed the "One Big Beautiful Bill Act" (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...