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 ...

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, ...

The Department of the Treasury and the Internal Revenue Service provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill. The proposed regulations ...

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

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

President Donald Trump's new car loan tax break promises eye catching savings for drivers who finance a new vehicle, with ...

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

Millions of Americans who drive for work or recently financed a car are heading into tax season with a very different set of ...

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