The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions ...
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This ...
The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.
Motoring USA on MSN
New car prices top $50K, loans grow
The average sticker price for a new car or truck now sits above $50,000, about 30 percent more than in 2019. Even with ...
You’re more likely to find rates below 5.00% when you have a higher credit score ...
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