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.

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.

A viral post claims a $10,000 tax credit for buying American cars. The truth is a more modest deduction for loan interest. We ...

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 ...

He almost signed his own deportation. A habeas petition in a New Mexico federal court saved him.

Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans.

The Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...

In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever recorded.

From mortgage rates and auto loans to credit cards and savings accounts, here's a look at how the January Fed decision could ...

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

Discover how to sell your car with an outstanding loan.