New car loan interest deduction: who qualifies and how to claim it
Deduct up to $10,000 of new car loan interest for tax years 2025 through 2028. See who qualifies, the income limits, the final IRS rules, and how to claim it.
Clear, practical explanations of new tax laws and IRS rules, written for individuals, families and business owners. We add a new update whenever a change affects our clients.
Deduct up to $10,000 of new car loan interest for tax years 2025 through 2028. See who qualifies, the income limits, the final IRS rules, and how to claim it.
A plain-English guide to the One Big Beautiful Bill Act tax changes: the 2026 standard deduction, $2,200 Child Tax Credit, SALT cap, and new deductions for tips, overtime and seniors.