Trump's $10,000 car tax break most Americans will never get

Trump's One Big Beautiful Bill includes a $10,000 car loan deduction — but strict rules mean most Americans won't qualify or ...
MiBolsilloColombia on MSN

These Cars Are Excluded from the New GOP Tax DeductionIs Yours One of Them?

New auto tax deduction excludes used cars, imports not U.S.-assembled, ATVs/campers, and high earners. Check VIN—most ...
Detroit Free Press

IRS gives details on what lenders need to do for 2025 new car loan interest tax deduction

IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...
Detroit Free Press

Car buyers clamor for EVs as the clock ticks down to get the federal tax credit

A federal tax credit for electric vehicles of up to $7,500 is set to expire on Sept. 30. Car shopping experts report a surge in consumer demand for EVs as the deadline approaches. Some analysts ...