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

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed tax ...

Editorial Note: Content was created in partnership with Money Research Collective. Cars.com receives a commission from the partner links contained within the content. By Kimberlee Leonard Often, ...

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 ...

Starting your taxes? There’s a new break this year if you bought a car in 2025. Consumer Investigator Rachel DePompa shares ...

Refinancing your auto loan can save you money in interest and reduce your monthly payment, but there are risks, including becoming upside-down on your car loan Written By Written by Staff Loan Writer, ...

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 ...

The “No Tax on Car Loan Interest” provision allows anyone who’s purchased a car from 2025 on to deduct the interest paid on the loan when they file their taxes. There are a few stipulations before you ...

With rising car prices and fluctuating interest rates, finding a 0% APR financing deal in 2025 might feel like striking gold. But, with a flood of new tariffs from the Trump administration set to send ...

Paying off your loan faster using strategies like refinancing and making extra principal payments can help you save money on interest and free up room in your budget Written By Written by Staff Loans ...

The U.S. House of Representatives has passed President Trump’s sweeping tax bill, nicknamed the “Big Beautiful Bill,” which includes an above-the-line deduction of up to $10,000 in car loan interest.