Cars, minivans, vans, SUVs, pickup trucks, or motorcycles, weighing less than 14,000 pounds qualify, according to the IRS.

A viral post claims a $10,000 tax credit for buying American cars. The truth is a more modest deduction for loan interest. We ...

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these ...

The Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...

Treasury Secretary Bessent announces implementation of Trump's car loan interest tax deduction policy, putting money back in ...

He almost signed his own deportation. A habeas petition in a New Mexico federal court saved him.

Buying a new American-made car could mean a bigger tax break for many Americans. Under President Trump's new bill, drivers ...

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

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.