The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan ...

Millions of Americans who drive for work or recently financed a car are heading into tax season with a very different set of ...

The Treasury Department and IRS issued guidance clarifying a new tax deduction for interest paid on qualifying car loans ...

President Donald Trump's new car loan tax break promises eye catching savings for drivers who finance a new vehicle, with some households potentially trimming thousands of dollars from their federal ...

The IRS will begin accepting 2025 tax returns on Monday, Jan. 26, 2026, the agency announced. Taxpayers have until Wednesday, ...

President Donald Trump’s “One Big Beautiful Bill,” which he signed on July 4, 2025, included some welcomed relief for eligible new car buyers, who are facing high purchase prices and interest rates.

Taxpayers should check the vehicle information label to figure out whether a car they purchased this year qualifies for Trump ...

The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, ...