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Your Car Payment Just Got Cheaper: New Tax Deduction Worth up to $10,000
President Trump's new tax law allows Americans to deduct up to $10,000 in car loan interest annually. However, strict income ...
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 ...
Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...
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