Starting this year, taxpayers can deduct up to $10,000 of interest annually on loans for new vehicles assembled in the U.S.

A new tax break under the ‘One Big Beautiful Bill’ could let you deduct up to $10,000 in car loan interest—if you meet ...

At a 9.3% interest rate, an average new vehicle buyer could save about $2,200 on taxes over four years, Smoke said. The tax savings would be less on a loan at 6.5%, which is the rate figured into ...

Shopping for a new car is exciting, but taking out a loan to pay for it can be overwhelming in the long run if you're not ...