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 ...
Detroit Free Press

Taxpayers could hit a dead end with car loan interest deduction

Find out if your new car or truck was built in the United States. See the window sticker or use a VIN Decoder tool at the National Highway Traffic Safety Administration website. Beginning on 2025 tax ...