The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan ...

Millions of Americans who drive for work or recently financed a car are heading into tax season with a very different set of ...

The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, ...

Taxpayers can write off a maximum of $10,000 with this benefit enacted under President Donald Trump's One Big Beautiful Bill ...

The Department of the Treasury and the Internal Revenue Service provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill. The proposed regulations ...

The federal government’s new “No Tax on Car Loan Interest” provision was enacted through last year’s Republican tax and ...

Taxpayers should check the vehicle information label to figure out whether a car they purchased this year qualifies for Trump ...

President Donald Trump's new car loan tax break promises eye catching savings for drivers who finance a new vehicle, with ...

President Donald Trump’s “One Big Beautiful Bill,” which he signed on July 4, 2025, included some welcomed relief for eligible new car buyers, who are facing high purchase prices and interest rates.

The Internal Revenue Service has now put hard edges around one of President Donald Trump’s most talked‑about consumer ...

People with a Social Security number (SSN) who claim itemised or non-itemised deductions qualify for tax benefits on overtime ...