If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your taxes.

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these specific qualifications can benefit.

A new tax law allows filers to deduct up to $10,000 in new car loan interest from 2025 to 2028. Find out the eligibility ...

Is vehicle sales tax deductible? Find out how you can lessen your tax burden. Learn who can qualify and how you can claim and calculate your deduction.

When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...

Add Yahoo as a preferred source to see more of our stories on Google. Choosing to buy a new car over a used one can help cut down on the maintenance costs that often accompany previously-owned ...

The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...

As tax season descends, a new program allowing tax deductions for some new car loans could save some Texans money.