Finance News – Tax Deduction

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CNBC Business • Jun 24, 2025

Getting Trump's full tax break on car loans may mean buying a $130,000 vehicle

Middle-income families purchasing high-priced automobiles could take advantage of the complete $10,000 tax deduction on interest paid, potentially impacting their overall financial...

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CNBC Business • Jun 18, 2025

Senate GOP tax bill gives break on car loan interest — but not all vehicles qualify

The proposed legislation aims to provide a financial benefit by allowing deductions on auto loan interest, although its applicability may be limited depending on the type or condit...

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Kiplinger • May 29, 2025

New GOP Car Loan Tax Deduction: Which Vehicles and Buyers Qualify

House GOP legislators propose a tax deduction on auto loan interest aimed at benefiting certain vehicle purchasers, potentially impacting consumer finances and influencing car buyi...

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