IRS Rolls Out Rules For Deducting Car Loan Interest Under The New Tax Law

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

Made-in-U.S. cars to qualify for new tax perk, IRS says

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

Trump's car loan tax break could save thousands, but here's the catch

President Donald Trump's new car loan tax break promises eye catching savings for drivers who finance a new vehicle, with some households potentially trimming thousands of dollars from their federal ...
CNN

Here’s who will — and won’t — qualify for the new car loan interest deduction

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new ...
Forbes

IRS Issues Transitional Guidance On Car Loan Interest Reporting Under The New Tax Law

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...
Detroit Free Press

EV tax credit ends soon, but it's still as complicated as ever: What to know

The federal clean vehicle tax credit was set to expire at the end of 2032, but the mega-tax bill signed into law in July pushed that expiration deadline up to Sept. 30 Not everyone will qualify for ...