A viral post claims a $10,000 tax credit for buying American cars. The truth is a more modest deduction for loan interest. We ...

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

A new tax law allows filers to deduct up to $10,000 in new car loan interest from 2025 to 2028. Find out the eligibility ...

The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these ...

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 Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...

He almost signed his own deportation. A habeas petition in a New Mexico federal court saved him.

Treasury Secretary Bessent announces implementation of Trump's car loan interest tax deduction policy, putting money back in ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

Buying a new American-made car could mean a bigger tax break for many Americans. Under President Trump's new bill, drivers ...