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

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan ...

Buying a new car may come with an unexpected bonus at tax time this year under the One, Big, Beautiful Bill. The Treasury ...

The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, ...

IRS guidance explains who qualifies for a new tax deduction on car loan interest, with limits on income, vehicle type, and ...

Taxpayers should check the vehicle information label to figure out whether a car they purchased this year qualifies for Trump ...

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...

The IRS announced a tax break for new vehicle buyers, allowing up to $10,000 in interest deductions on loans for US-assembled ...

Taxpayers can write off a maximum of $10,000 with this benefit enacted under President Donald Trump's One Big Beautiful Bill ...

The IRS and U.S. Treasury just rolled out official guidance on a brand-new tax deduction that could save car buyers up to $10 ...

Certain tipped workers are expected to be able to deduct up to $25,000 of qualified tipped income on their federal taxes. The ...