Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

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

Car loan interest is tax deductible, but only if you’re a business owner or self-employed. You may be able to deduct car loan interest as a business expense if you use the vehicle for business ...

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 ...

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 loan interest can be tax deductible, but only in specific situations. If you’re a business owner or self-employed and use the vehicle for work, you may be able to deduct some of all of the ...