Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?

Rising vehicle prices, auto loan interest rates, and insurance and maintenance costs are making it harder for people to buy ...

Bought and financed a new car in 2025? You may deduct up to $10,000 in interest under a new federal tax break. Learn who ...

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions.

Sen. Elizabeth Warren demands five major auto lenders disclose pricing data amid concerns that military borrowers pay higher ...

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and ...

One of the new deductions available to taxpayers as part of the One Big Beautiful Bill Act signed into law on July 4, 2025, is a new deduction for interest paid on automobile loans. Effective for tax ...

If you want to avoid dealerships and buy from an individual, a private-party auto loan can help ...

High interest rates make one common auto loan mistake especially costly, driving up monthly payments and total interest paid over the life of the loan.

Cash-out auto refinancing might help you secure better loan terms and access a lump sum of cash, but there are drawbacks to ...

Read This: How Much Money Is Needed To Be Considered Middle Class in Your State? Below, Ashley Morgan, attorney and owner at Ashley F Morgan Law, PC, explained the pros and cons of paying off your car ...

Used-car loans generally carry higher interest rates than new-car loans, so shopping for rates is critical. Always shop around and secure a prequalification for a loan before heading to the dealership ...