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 ...

Under Trump's new tax policies, taxpayers with vehicles will be able to benefit from the new no tax on car loan interest ...

Taxpayers should check the vehicle information label to figure out whether a car they purchased this year qualifies for Trump ...

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

The Treasury and IRS are implementing President Trump’s auto loan interest tax deduction, allowing eligible buyers to deduct ...

The latest changes come after the passage of the One, Big, Beautiful Bill Act (OBBB), which was signed into law on July 4, ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, ...

Car buyers may now benefit from a new tax break that allows them to deduct up to $10,000 in auto loan interest each year from their federal income taxes — reducing their taxable income. The provision, ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...