The Internal Revenue Service released proposed regulations on car loan interest, setting the stage ...

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

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 Treasury Department and IRS issued guidance clarifying a new tax deduction for interest paid on qualifying car loans under the One, Big, Beautiful Bill.

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

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

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law. Here’s a look at the answers to some of your questions about the new deduction.

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 ...

The Internal Revenue Service is giving auto lenders some breathing room on new reporting rules tied to the "One Big Beautiful Bill Act," the sweeping tax and spending law signed July 4 by President ...

IRS announces first day you can file your taxes in 2026, get a bigger refund Jan. 10, 2026, 4:00 p.m. Single-filers can ...