Auto Loan Tax Break Under New Bill: Eligibility and Savings Guide

Learn how a new bill offers auto loan interest deductions, requirements for vehicle eligibility, and potential tax savings ...
Forbes

‘No Tax On Car Loan Interest’—Tax Reform Or Facade?

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. Starting in tax year 2025, taxpayers will be able to deduct up to ...
Inc.

The IRS Is Giving Car Owners a Major Break for 2026—But Only if Your Vehicle Meets These 5 Rules

This tax season, taxpayers who bought a new car in 2025 may be eligible for a new deduction on their auto loan. The One Big Beautiful Bill Act—also known as the Working Families Tax Cut—that was ...
Fox Business Network

The $10,000 car loan tax deduction: Here's who qualifies and how to claim it

A new tax break is available this filing season for taxpayers who have car loans on vehicles that meet certain specifications. The One Big Beautiful Bill Act (OBBBA), which was passed through Congress ...