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

Saying that some donors who give automobiles to charity are taking deductions from their income taxes for far more than the true value of their gifts, the U.S. Department of the Treasury has asked ...

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 ...

Bought and financed a new car in 2025? You may deduct up to $10,000 in interest under a new federal tax break. Learn who ...

The Treasury Department has issued guidelines to explain how donors of vehicles can take tax deductions for the gifts under a new law. The guidelines say that donors can take a larger deduction for ...

Another same-old, same-old Form 1040 year? Definitely not, say experts who point to a number of significant differences between 2024 and 2025 tax returns, with implications for seniors and car buyers, ...

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 ...