Here are some of the cars that qualify for an up to $10,000 tax deduction

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

Bought a new car last year? You could qualify for this tax break

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 qualifies and how to claim it.
Cars

What Does the New-Car Loan Interest Deduction Mean for Consumers?

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 ...
Forbes

If You Borrowed To Buy A New Car In 2025, You Might Get To Deduct The Interest

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law. Here’s a look at the answers to some of your questions about the new deduction.
Staten Island Advance

Here’s how to claim new IRS tax deduction worth up to $10,000

If you purchased a new car in 2025, you could be eligible for a tax deduction worth up to $10,000. According to a provision of the Trump administration’s “One Big Beautiful Bill,” individuals may ...
USA Today

Taxpayers could hit a dead end with car loan interest deduction

Find out if your new car or truck was built in the United States. See the window sticker or use a VIN Decoder tool at the National Highway Traffic Safety Administration website. Beginning on 2025 tax ...
Los Angeles Times

Made-in-U.S. cars to qualify for new tax perk, IRS says

Taxpayers who bought a new car in 2025 may qualify for a new tax break in the upcoming filing season — so long as that vehicle was made in the U.S., the Internal Revenue Service said. Taxpayers should ...