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.
Learn about the pros and cons of HELOCs and personal loans.
Learn how business loans and personal loans differ.
A lower sticker price doesn’t always mean lower costs, since used cars typically come with higher interest rates and repair expenses.
Federal regulators recently granted conditional approval for the companies to set up industrial banks that will focus on ...
Car loans for Ford and GM models may be easier to get from new banks that the automakers are now cleared to establish.
You may be tempted to stick with the 20/4/10 Rule, but we've crunched the numbers and found it may no longer work for most ...
When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
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IRS proposes car loan interest rules
The Internal Revenue Service released proposed regulations on car loan interest, setting the stage ...
The Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...
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.
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