New federal tax deduction lets buyers of U.S.-assembled vehicles deduct car loan interest from 2025 through 2028.

President Donald Trump's massive agenda law makes some new tax breaks available. That is, beyond making permanent a series of ...

The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...

President Trump announces that interest on car payments are now fully tax deductible. He highlights the importance of this ...

A new tax break allows deductions on interest paid on new car loans for vehicles assembled in the U.S. until 2028. Experts believe the tax break is unlikely to significantly shift the market in ...

It is about boosting all American-made autos, not just EVs, but not all buyers benefit, they must be patient and the ...

Trump’s new auto loan tax deduction promises big savings, but a study finds 97% of Americans won’t qualify and average ...

A federal EV tax credit worth up to $7,500 ends Sept. 30. But the IRS has just clarified that shoppers don't need to actually ...

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.

"Right now, the child tax credit gives you up to $2,200 per child," she explains. Even if you owe no taxes, up to $1,700 of that amount is refundable — meaning if your tax bill is zero, the IRS will ...

2025 tax rules: Trump's new tax deduction on auto loans has major limitations: What car buyers should know ...

This senior deduction is per filer, so a couple filing together can get up to $12,000 in additional deductions because of the new tax act.