Cars, minivans, vans, SUVs, pickup trucks, or motorcycles, weighing less than 14,000 pounds qualify, according to the IRS.
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 ...
Guessing Headlights on MSN
What the new $10,000 auto loan interest deduction really means for car buyers
A viral post claims a $10,000 tax credit for buying American cars. The truth is a more modest deduction for loan interest. We ...
Drivers buying new U.S.-assembled vehicles could unlock major tax savings in 2026. Trumps new tax law allows up to $10,000 in ...
In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever recorded.
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 average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian's State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024. If you're ...
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