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

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions.

Another same-old, same-old Form 1040 year? Definitely not, say experts who point to a number of significant differences between 2024 and 2025 tax returns, with implications for seniors and car ...

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

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 qualifies and how to claim it.

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.” ...

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

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year. Lawmakers say the measure is designed to ease the burden of high auto prices ...

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and ...

A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan inte ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes ...