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

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 ...

The Treasury and IRS are implementing President Trump’s auto loan interest tax deduction, allowing eligible buyers to deduct ...

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

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

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 ...

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

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

The latest changes come after the passage of the One, Big, Beautiful Bill Act (OBBB), which was signed into law on July 4, ...

As tax season descends, a new program allowing tax deductions for some new car loans could save some Texans money.