Here are some of the cars that qualify for an up to $10,000 tax deduction

There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are some vehicles that qualify.

Some Drivers Can Now Claim a Tax Deduction on Car Loan Interest. Here’s How It Works

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions.
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Electric vehicle tax credits set to end in 2025: What you need to know

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 ...
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Electric vehicle (EV) tax credit is about to expire — but new IRS rules offer some flexibility

If you’re considering buying an electric vehicle, now is the time to act. The massive tax bill that President Donald Trump signed into law on July 4 eliminates the popular electric vehicle (EV) tax ...

Trump’s $10,000 tax break for car owners promises big savings, but reaching it may require a vehicle priced well into the six figures. Here’s why

The fine print on this car tax break has more speed bumps than drivers might expect.