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

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...

If you're one of the millions of Americans who purchased a new car last year, you could benefit from a new tax break that allows taxpayers to deduct interest paid on their auto loans. The car loan tax ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

The federal clean vehicle tax credit was set to expire at the end of 2032, but the mega-tax bill signed into law in July pushed that expiration deadline up to Sept. 30 Not everyone will qualify for ...