New car loan interest deduction: Which vehicles and buyers qualify

Cars, minivans, vans, SUVs, pickup trucks, or motorcycles, weighing less than 14,000 pounds qualify, according to the IRS.
AOL

Do I need to pay car tax? New rules and rates for 2025 as electric vehicles included for first time

Changing road tax rules will affect all drivers in 2025 as rules that came into force from 1 April bring increased or new charges for most, among a host of other potential bill increases. Motorists ...

Taxpayers could hit a dead end with car loan interest deduction

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...
CNN

Here’s who will — and won’t — qualify for the new car loan interest deduction

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new ...
USA Today

Trump's new tax deduction on auto loans has major limitations: What car buyers should know

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 ...