There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...

The “No Tax on Car Loan Interest” provision allows anyone who’s purchased a car from 2025 on to deduct the interest paid on the loan when they file their taxes. There are a few stipulations before you ...

The ads from charities that accept donations of used cars make it sound simple. The charity picks up the vehicle, and you get a big tax deduction. Everybody wins.

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions. Money; Getty Images Drivers who purchased vehicles after Dec ...

Add Yahoo as a preferred source to see more of our stories on Google. Choosing to buy a new car over a used one can help cut down on the maintenance costs that often accompany previously-owned ...

Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?

One of the ways to reduce your liability this tax year is to decrease your taxable income. And the best way to do this is by taking advantage of tax ...

Four main tax breaks were created with the passage of President Donald Trump's sweeping budget bill, from "no taxes on tips ...