Buying a new American-made car could mean a bigger tax break for many Americans. Under President Trump's new bill, drivers ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

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 ...

Treasury Secretary Bessent announces implementation of Trump's car loan interest tax deduction policy, putting money back in ...

Under Trump's new tax policies, taxpayers with vehicles will be able to benefit from the new no tax on car loan interest ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan interest if you buy an American-made vehicle. This means if you’re paying ...

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...

The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, ...

There are several ways to buy a new car, from purchasing one outright with cash to financing it through a car loan. Now, however, a provision in the recently passed One Big Beautiful Bill (OBBB) ...

Tax cuts are the centerpiece of a massive legislative package championed by President Trump and passed Tuesday by Senate Republicans. Many new tax breaks in the bill — on auto loans, tips and overtime ...

Child Tax Credit: This tax credit increases by $200 year over year, to $2,200 per child for the 2025 tax year. It applies to ...