IRS Rolls Out Rules For Deducting Car Loan Interest Under The New Tax Law

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

IRS Issues Transitional Guidance On Car Loan Interest Reporting Under The New Tax Law

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 ...
The Daily Overview on MSN

Trump's car loan tax break could save thousands, but here's the catch

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 ...
AOL

Trump's $10,000 car tax break most Americans will never get

A new $10,000 car tax break is making headlines — and it sounds like a dream come true for anyone with a car loan. Tucked inside the One Big Beautiful Bill is a “No Tax on Car Loan Interest” deduction ...