Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the ...

New legislation eliminated the EV tax credit program on Sept. 30, 2025, making electric vehicle ownership more expensive.

Currently, drivers can access a federal tax credit worth up to $7,500 for buying or leasing an electric vehicle. There's a smaller credit for used EVs, too. But the incoming Trump administration has ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...