The One Big Beautiful Bill Act created a temporary car loan interest deduction for American-made vehicles through 2028, which ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

Unlock a new tax deduction for your vehicle. If you bought a new car in 2025, you could deduct up to $10,000 in loan interest ...

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

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

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

Federal tax credits worth up to $7,500 for new EVs and $4,000 for used models helped offset higher upfront costs and played a ...

Interest on auto loans is now deductible for some, but strict rules on income, vehicle type, and timing narrow who benefits.

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

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, ...

The OBBBA changed quite a bit about tax law, including introducing new deductions, and so make sure you are claiming all you can when you file your return in April.

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