The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these ...

A simple-interest car loan is a common way to borrow money to buy a car. What’s great about simple-interest auto loans is that you can save money with this loan structure when you’re buying a vehicle.

Discover how simple interest benefits borrowers in car loans and consumer purchases, and learn why it might not be ideal for ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

The new tax break on car loan interest comes equipped with a trunk full of caveats. How much you might, or might not, benefit depends on how much money you borrow, your interest rate on the loan, and ...

Auto loans can be a huge expense — the average American with a new car paid $748 per month, while the owner of a used car ...