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.

A new tax law allows filers to deduct up to $10,000 in new car loan interest from 2025 to 2028. Find out the eligibility ...

When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

President Donald Trump is selling a new auto tax break as a windfall for drivers, with headlines touting a $10,000 perk for ...

A number of tax changes as part of the 2025 "Big Beautiful Bill" act could have major impacts on your return, in some cases ...

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. Starting in tax year 2025, taxpayers will be able to deduct up to ...

The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...

As tax season descends, a new program allowing tax deductions for some new car loans could save some Texans money.