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 ...

Discover how to sell your car with an outstanding loan.

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

Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans. A record share of Americans — more than 20% — agreed to pay more than $1,000 per ...

Car loans for Ford and GM models may be easier to get from new banks that the automakers are now cleared to establish.

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

If you're shopping for a new car right now, you've got a rare advantage working in your favor. 60-month auto loan rates ...

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

Nearly 30% of trade-ins for new cars have negative equity, the highest rate in years. Learn why so many Americans are ...

To cope with the high cost of buying new and used vehicles, some buyers are taking out loans of six years or more. 2 News Oklahoma's Cathy Tatom looks at why this could be a financially risky move.