The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed tax ...

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A new tax break allows deductions on interest paid on new car loans for vehicles assembled in the U.S. until 2028. Experts believe the tax break is unlikely to significantly shift the market in favor ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...