The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...

When deciding whether to lease or buy a car, you should look beyond monthly payments and interest rates to make a decision. One major factor that often gets overlooked is how each option impacts your ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...

The federal clean vehicle tax credit was set to expire at the end of 2032, but the mega-tax bill signed into law in July pushed that expiration deadline up to Sept. 30 Not everyone will qualify for ...

Editor's note: President Donald Trump signed the "One Big Beautiful Bill Act" (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...