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Your Car Loan Just Got Cheaper as New Bill Allows Tax Write-offs on Interest

The U.S. House of Representatives has passed President Trump’s sweeping tax bill, nicknamed the “Big Beautiful Bill,” which includes an above-the-line deduction of up to $10,000 in car loan interest.
Money Talks News on MSN

Buy a new American-made car and write off up to $10,000 in loan interest through 2028

A new tax deduction lets qualifying buyers write off up to $10,000 in car loan interest on American-assembled vehicles ...
AOL

SALT Write-Offs: Trump Tax Changes and Requirements

The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable income. Under the One Big Beautiful Bill Act, signed into law by President ...
Fast Company

There’s a new tax deduction for car loans in Trump’s ‘big, beautiful bill.’ Here’s who’s eligible—and what’s the catch

While the “No Tax on Tips” provision in President Donald Trump’s One Big Beautiful Bill Act has been making headlines for its tax deductions on tips and overtime, there are plenty of other write-offs ...
The Drive

Why the Mercedes-Benz G-Wagon is a Secret Tax Write-Off

If the financial alphas of TikTok are to be believed, there’s a secret loophole in US tax code that allows you to buy a Mercedes G-Wagon and deduct its cost from your taxes. They’re not entirely wrong ...
Autoblog

Your Car Loan Just Got Cheaper as New Bill Allows Tax Write-offs on Interest

The U.S. House of Representatives new bill would resurrect auto loan interest tax deductions—but there are several details to consider. The U.S. House of Representatives has passed President Trump’s ...