Taxpayers could hit a dead end with car loan interest deduction

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

IRS Rolls Out Rules For Deducting Car Loan Interest Under The New Tax Law

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

Do I need to pay car tax? New rules and rates for 2025 as electric vehicles included for first time

Changing road tax rules will affect all drivers in 2025 as rules that came into force from 1 April bring increased or new charges for most, among a host of other potential bill increases. Motorists ...
autoevolution

IRS Issues New 2026 Cents-per-Mile Rates for Tax-Deductible Car Operating Costs

The Internal Revenue Service (IRS) has updated the cents-per-mile rates for calculating tax-deductible vehicle operating ...

IRS mileage rate to go up for 1 group, down for others in 2026

The Internal Revenue Service announced the new standard mileage rate for 2026. These rates apply to 2026 tax returns that ...
AOL

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

A new $10,000 car tax break is making headlines — and it sounds like a dream come true for anyone with a car loan. Tucked inside the One Big Beautiful Bill is a “No Tax on Car Loan Interest” deduction ...