IRS releases new American-made vehicle tax break rules: What to know

The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan ...
The Daily Overview on MSN

Trump's car loan tax break could save thousands, but here's the catch

President Donald Trump's new car loan tax break promises eye catching savings for drivers who finance a new vehicle, with ...

Trump Has a New Auto Loan Tax Break. Here’s Who Could Benefit.

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...
AOL

8 Car Expenses You Can Write Off on Your Taxes (Even Personal Use)

From eggs to gas prices, expenses have likely gone up in just about every aspect of your daily life. The financial strain is taking a toll on American families and individuals, especially car owners ...
Forbes

Car Loan Interest Tax Break: Who Qualifies Under The Big Beautiful Bill?

With over a dozen credit cards and millions of credit card points racked up, Nancy Jiang condenses the complex world of card-churning for maximum rewards with minimum effort. Her work has been ...
Fast Company

There’s a new tax deduction for car loans in Trump’s ‘big, beautiful bill.’ Here’s who’s eligible—and what’s the catch

While the “No Tax on Tips” provision in President Donald Trump’s One Big Beautiful Bill Act has been making headlines for its tax deductions on tips and overtime, there are plenty of other write-offs ...
SFGate

2025 Tax Code 179, Bonus Depreciation, and Interest Write-Off Guide

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2025 calendar year for the ...
Hosted on MSN

SALT Write-Offs: Trump Tax Changes and Requirements

The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable income. Under the One Big Beautiful Bill Act, signed into law by President ...
The Drive

Why the Mercedes-Benz G-Wagon is a Secret Tax Write-Off

If the financial alphas of TikTok are to be believed, there’s a secret loophole in US tax code that allows you to buy a Mercedes G-Wagon and deduct its cost from your taxes. They’re not entirely wrong ...