Trump's One Big Beautiful Bill includes a $10,000 car loan deduction — but strict rules mean most Americans won't qualify or ...

EV tax credits now expire in September 2025 due to new legislation. Here's the electric cars and PHEVs eligible in the ...

IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the new tax deduction for paying interest on vehicle ...

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 Inflation Reduction Act that President Joe Biden signed into law this week has new provisions for Americans looking to obtain a tax credit for purchasing an electric vehicle. While there has been ...

A federal tax credit for electric vehicles of up to $7,500 is set to expire on Sept. 30. Car shopping experts report a surge in consumer demand for EVs as the deadline approaches. Some analysts ...

The average new car price has skyrocketed to $50,000. Tariffs, the end of the federal EV tax credit and luxury car sales are ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Car shopping experts say consumers are rushing to buy electric vehicles as the clock winds down to just seven days before the federal EV tax credit expires on Sept. 30. But some warn that once the ...