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Student loan interest deduction: Who qualifies and how to claim it

The IRS provides student loan interest deduction that lets borrowers subtract some of the payments from their taxable income.

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 ...
Forbes

‘No Tax On Car Loan Interest’—Tax Reform Or Facade?

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. Starting in tax year 2025, taxpayers will be able to deduct up to ...
Forbes

IRS Issues Transitional Guidance On Car Loan Interest Reporting Under The New Tax Law

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...

4 Practical Uses of Simple Interest: Car Loans, CDs, More

Discover how simple interest benefits borrowers in car loans and consumer purchases, and learn why it might not be ideal for ...