The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions ...
A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a new vehicle assembled in the United States.
To qualify for the full deduction, your taxable income can’t be more than $100,000 if you’re a single filer or $200,000 if you’re married filing a joint return. Single filers who earn more than ...
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This ...
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Millions of drivers may be owed compensation after car finance ruling: how to check if you qualify
If you took out car finance between the mid-2000s and when rules changed, this ruling […] ...
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