Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...

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, ...

A new auto loan tax deduction of up to $10,000 per year, introduced in President Donald Trump’s One Big Beautiful Bill, has sparked excitement among car buyers. But a new study by the auto refinance ...

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 ...

This is the highest share Edmunds has reported in four years, meaning a growing number of people are dragging additional debt ...

Car shoppers are facing affordability challenges in the market for new vehicles despite average down payments dipping to ...