A new tax deduction allows buyers to claim up to $10,000 a year on interest paid for new, American-made cars. The deduction ...

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...

A new federal deduction allows some drivers to write off interest on new car loans. Here’s who qualifies and how to claim it.

Last year, data show Americans drove away from dealerships with more than 16.3 million new vehicles, with roughly 80% of buyers reportedly relying on financing to purchase. So far in 2026, average car ...

The IRS has released guidance on a new deduction that allows eligible taxpayers to write off up to $10,000 in auto loan ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

A new tax deduction allows buyers to claim up to $10,000 a year on interest paid for new, American-made cars. The deduction applies to qualifying vehicles purchased between Jan. 1, 2025, and Dec. 31, ...

The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan being a first lien on the vehicle. The deduction has an annual limit of $10 ...

Learn about new 2025 tax deductions and credits from the OBBBA, including overtime, senior and car loan breaks, so you can ...