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 ...

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

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 ...

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 ...

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.

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 ...

While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.