Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?
The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these specific qualifications can benefit.
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What the new $10,000 auto loan interest deduction really means for car buyers
A viral post claims a $10,000 tax credit for buying American cars. The truth is a more modest deduction for loan interest. We ...
When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
He almost signed his own deportation. A habeas petition in a New Mexico federal court saved him.
(CNN) — President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is ...
The Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...
The House's first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. The 389-page tax bill, which is a starting point for ...
As tax season descends, a new program allowing tax deductions for some new car loans could save some Texans money.
When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...
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