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 ...

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 ...

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 ...

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

Dana Menard Certified financial planner at Twin Cities Wealth Strategies Dana Menard is a Certified Financial Planner with over 20 years of experience in the financial services industry. He is the ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on the new tax ...

With car prices set to rise, now might be the time to make a new car purchase. With rising car prices and fluctuating interest rates, finding a 0% APR financing deal in 2025 might feel like striking ...

Editor’s note: This story was updated Sept. 19, 2024, to reflect the Federal Reserve’s rate cut announcement. Wednesday brought some promising news to consumers who have held off on major purchases ...

One of the Nation’s Largest Auto Lenders Told Customers, “We’re Here to Help.” Then It Took Their Money and Their Cars. Have you taken out a car loan and struggled to pay it back? You’re not alone.

In today’s U.S. new‑car market, there’s one path that still claims the lion’s share of buyers: the traditional installment loan. With lease penetration running at roughly 24% and outright cash ...