FOX 13 Tampa Bay

The $10,000 car loan tax deduction: Here's who qualifies and how to claim it

The IRS has released guidance on a new deduction that allows eligible taxpayers to write off up to $10,000 in auto loan ...

Does your car qualify for up to a $10,000 tax deduction? It might

There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...
WSKG

This tax season, there's a new deduction for interest on car loans

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.
Cars

What Does the New-Car Loan Interest Deduction Mean for Consumers?

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 ...
News Tribune

Some Drivers Can Now Claim a Tax Deduction on Car Loan Interest. Here’s How It Works

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions. Money; Getty Images Drivers who purchased vehicles after Dec ...
Detroit Free Press

Taxpayers could hit a dead end with car loan interest deduction

Find out if your new car or truck was built in the United States. See the window sticker or use a VIN Decoder tool at the National Highway Traffic Safety Administration website. Beginning on 2025 tax ...