There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...

A new vehicle loan deduction could save you money on your 2025 taxes.

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

How to qualify for and claim the new auto loan interest tax deduction of up to $10,000 annually. This page includes information about these cards, currently unavailable on NerdWallet. The information ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law. Here’s a look at the answers to some of your questions about the new deduction.

If you're one of the millions of Americans who purchased a new car last year, you could benefit from a new tax break that allows taxpayers to deduct interest paid on their auto loans. The car loan tax ...

You can deduct vehicle sales tax if you choose to itemize deductions. However, if you opt for the standard deduction, you won’t be able to deduct vehicle sales tax. This deduction is also subject to ...

Editor's note: President Donald Trump signed the "One Big Beautiful Bill Act" (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...

Finance a new car last year? Here's how to claim a deduction of up to $10,000.