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.
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.
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 ...
Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?
Guessing Headlights on MSN
What the new $10,000 auto loan interest deduction really means for car buyers
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.
In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever recorded.
As tax season descends, a new program allowing tax deductions for some new car loans could save some Texans money.
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