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The new tax deduction for car loans isn’t as great as it sounds. Here’s how it works.
The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...
Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...
MiBolsilloColombia on MSN
Trump's car loan tax break could save buyers thousands
A new provision in the One Big Beautiful Bill Act allows eligible car buyers to deduct interest on new auto loans from 2025 ...
New car loan interest deduction lets buyers write off up to $10,000—but the real winners may be automakers, not middle-class ...
There are several ways to buy a new car, from purchasing one outright with cash to financing it through a car loan. Now, however, a provision in the recently passed One Big Beautiful Bill (OBBB) ...
Tax cuts are the centerpiece of a massive legislative package championed by President Trump and passed Tuesday by Senate Republicans. Many new tax breaks in the bill — on auto loans, tips and overtime ...
The House's first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. The 389-page tax bill, which is a starting point for ...
Choosing to buy a new car over a used one can help cut down on the maintenance costs that often accompany previously-owned vehicles. But new vehicles can also be a lot more expensive to purchase, ...
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