New federal income tax provisions taking effect in 2025 could reduce taxable income for qualifying seniors and for taxpayers who finance certain new vehicles.

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year. Lawmakers say the measu ...

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

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

A check mark. It indicates that the relevant content has been reviewed and verified by an expert This story has been reviewed by a professional to ensure you get the most accurate and useful ...

The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This ...

Interest from direct U.S. Treasury obligations is generally exempt from state and local income taxes. Read more here.

In a decade, the government will send an amount equal to nearly half the income taxes you pay to its bondholders. That money ...