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.

Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?

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 ...

The percentage of new car buyers opting for longer auto loans is increasing. The downside of lower monthly payments: ...

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

A lower sticker price doesn’t always mean lower costs, since used cars typically come with higher interest rates and repair expenses.

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

The share of new-car buyers who pay $1,000 or more per month for their auto loans rose to a record 20.3% of all new vehicles financed in the fourth quarter, according to new data from car website ...

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.