2025 tax deduction allows buyers to save on auto loan interest, making car ownership more affordable for qualifying vehicles.

The Internal Revenue Service is giving auto lenders some breathing room on new reporting rules tied to the "One Big Beautiful ...

A number of the federal tax changes in the “Big Beautiful Bill” deliver less than they seem to promise, but nonetheless offer opportunities for some people to save a bit of money. In last week’s ...

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

The new tax break on car loan interest comes equipped with a trunk full of caveats. How much you might, or might not, benefit depends on how much money you borrow, your interest rate on the loan, and ...

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

An American Flag at the Ford Motor Company Kentucky Truck Plant is seen during a media tour for the launch of the 2025 Ford Expedition in Louisville, Ky., April 30, 2025. AP photo Millions of people ...

The Tax Cuts and Jobs Act of 2017 placed new limitations on how much interest certain businesses can deduct. These changes are outlined in Internal Revenue Code section 163(j). Businesses with gross ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. In March 2025, the U.S. Tax Court delivered a pivotal ruling in Estate of ...

(AP) — Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new tax-cut law, many people for the first time could also claim a tax ...