The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...

Points paid as upfront interest are deductible as mortgage interest. If the points are not for prepaid interest, then they ...

The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Many, or all, of the products featured on this page are from our advertising partners who ...

In most cases, personal loan interest isn’t tax-deductible, unless the loan is used for specific purposes such as for business or investment expenses. Try This: 5 Subtly Genius Moves All Wealthy ...

But what is available this year are several homeowner tax breaks that don’t require a mortgage. Some are lesser-known ...

A number of the federal tax changes in the “Big Beautiful Bill” deliver less than they seem to promise, but nonetheless offer opportunities for some people to save a bit of money. In last week’s ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...

The government stopped allowing a tax deduction for credit card interest with the Tax Reform Act of 1986. Interest on student loans, mortgages, home equity loans and business expenses are still ...

A new tax break in the “One Big Beautiful Bill Act” lets eligible buyers deduct interest on qualifying new vehicle loans from ...

The House's first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. The 389-page tax bill, which is a starting point for ...