Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the ...

The agency said it is providing the relief because both lenders and the IRS need more time to comply with the new car loan interest reporting requirements added by H.R. 1.

Notice 2025-57 explains how businesses should report interest to car purchasers so they can deduct it under the OBBBA.

If you’ve been thinking about buying a new car, there’s now a major financial detail you’ll want to consider as part of your planning: a new tax deduction that could cut your federal income tax bill.

A new federal move could mean financial breathing room for thousands across the country. The Department of the Treasury and ...

There are several ways to buy a new car, from purchasing one outright with cash to financing it through a car loan. Now, however, a provision in the recently passed One Big Beautiful Bill (OBBB) ...

New tax law allows deduction of up to $10,000 in auto loan interest for U.S.-assembled vehicles Applies to new personal-use vehicles purchased from 2025–2028 Phases out for individuals earning over ...

A new Republican tax break promises up to $10,000 in deductions, but strict assembly and income rules exclude many buyers, ...

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax ...

TULSA, Okla. — A new tax deduction could help make your next vehicle purchase more affordable by allowing you to deduct interest paid on auto loans for certain American-made vehicles. "This is ...