Self Employed on MSN

IRS proposes car loan interest rules

The Internal Revenue Service released proposed regulations on car loan interest, setting the stage ...
MiBolsilloColombia on MSN

New for 2026: How to deduct your car loan interest and save up to $10,000 on your taxes

A new tax law allows you to deduct up to $10,000 in car loan interest. Find out if your vehicle qualifies, the income limits, ...

The new ‘No Tax on Car Loan Interest’ law isn’t as simple as it sounds. Here are the rules.

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

2026 tax season: No tax on overtime, senior deduction, confusing rules

The IRS is set to begin accepting and processing 2025 tax returns on Jan. 26. What to do to avoid delays and mistakes as new ...

Trump’s $10,000 tax break for car owners promises big savings, but reaching it may require a vehicle priced well into the six figures. Here’s why

When President Donald Trump signed the One Big Beautiful Bill Act in July 2025, the administration promoted a sweeping new ...

IRS announces major changes to tax deductions

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.
Albuquerque Journal

Hamill: What the IRS says about the new car loan deduction

He almost signed his own deportation. A habeas petition in a New Mexico federal court saved him.

IRS Guidance Outlines Eligibility For New Auto Loan Interest Tax Break

The Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...

Section 179 Vehicles: Does My Vehicle Qualify For The Section 179 Deduction In 2026?

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...