There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...

Buyers of new vehicles assembled in the U.S. could boost their tax refunds by hundreds of dollars through a new tax deduction ...

Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify for a Section 179 tax deduction. Carefully using Section 179 vehicles can bring tax ...

Last year, data show Americans drove away from dealerships with more than 16.3 million new vehicles, with roughly 80% of buyers reportedly relying on financing to purchase. So far in 2026, average car ...

Bought and financed a new car in 2025? You may deduct up to $10,000 in interest under a new federal tax break. Learn who ...

Learn how you can deduct up to $10,000 of car loan interest payments. This guide covers eligibility established by the “One Big Beautiful Bill.” ...

Caribou data shows drivers who refinance their car loan can lower their payments by up to $159 a month even if they do not qualify for new tax breaks.

The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan being a first lien on the vehicle. The deduction has an annual limit of $10 ...

Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for ...