The federal car loan interest deduction is available for the 2025 through 2028 tax years.You may be able to deduct up to ...

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions.

A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan inte ...

Buyers of new vehicles assembled in the U.S. could boost their tax refunds by hundreds of dollars through a new tax deduction ...

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and ...

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

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

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 ...

Is car loan interest tax-deductible in 2025? Learn who qualifies under the new 2025 to 2028 rules, income limits and business-use deductions.

If you have kids, are over 65, have bought a new car, or get tips, there is a tax deduction for you.