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 policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions.
Buyers of new vehicles assembled in the U.S. could boost their tax refunds by hundreds of dollars through a new tax deduction ...
Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?
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 new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...
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 ...
Felecia Stevenson, owner of six Jackson Hewitt locations, and Park Forest-based Kirby Ashley outline new deductions for tax filers.
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 ...
The IRS has published filing instructions for the new Schedule 1-A and Form 1040 instructions for taxpayers to claim no tax ...
Tax refunds are arriving for many, but a spike in gas prices and fears of rising inflation could put a damper on what ...
Some of the biggest tax changes in years could hit your federal return right now. From untaxed tips and overtime to a new incentive for new-car buyers, to a bigger child tax credit, Consumer Reports ...
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