Most taxpayers will be in for a pleasant surprise when they prepare their federal income tax returns for 2025. Last July’s ...

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A new $10,000 car tax break is making headlines — and it sounds like a dream come true for anyone with a car loan. Tucked inside the One Big Beautiful Bill is a “No Tax on Car Loan Interest” deduction ...

A new tax break allows deductions on interest paid on new car loans for vehicles assembled in the U.S. until 2028. Experts believe the tax break is unlikely to significantly shift the market in favor ...

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...

Editor's note: President Donald Trump signed the "One Big Beautiful Bill Act" (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...

Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit, ...

If you’re considering buying an electric vehicle, now is the time to act. The massive tax bill that President Donald Trump signed into law on July 4 eliminates the popular electric vehicle (EV) tax ...