A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...
Building your car in My Winter Car is only the first step; making it legal to drive on public roads is a whole different challenge. Central to this process is the VIN (Vehicle Identification Number).
This year, there's a new tax break for interest on car loans that can apply to some people who bought a new car in 2025.
The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan ...
A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller savings.
The “No Tax on Car Loan Interest” provision allows anyone who’s purchased a car from 2025 on to deduct the interest paid on the loan when they file their taxes. There are a few stipulations before you ...
The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...
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Taxpayers may get bogged down in the complexities of claiming deductions for tips, auto loan interest and overtime pay.
This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.