Trump's One Big Beautiful Bill includes a $10,000 car loan deduction — but strict rules mean most Americans won't qualify or ...
In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the new tax deduction for paying interest on vehicle ...
Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...
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 Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
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 ...
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 ...
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