A new proposal, the USA CAR Act, is making waves in Washington. This bill, introduced by Sen. Bernie Moreno, would provide ...

Independent contractors can lower their tax bill by writing off business costs like travel and insurance but should consult a ...

Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, and you can ...

Donald Trump announced tariffs on auto imports but also raised the possibility of a new deduction for interest on car loans.

Auto lenders may need to prepare for additional documentation requirements as a new bill aims to make auto loan interest tax ...

WASHINGTON (TNND) — President Donald Trump floated a new proposal that would allow ... "pay for itself" and represent a shift in how tax deductions are applied to middle-income Americans.

The idea has also gained some attention because of Trump’s recent announcement about higher tariffs on imported vehicles and vehicle components.

President Donald Trump proposed making interest payments on car loans tax deductible for U.S.-made vehicles as part of a broader tax cut plan.

you will own the car outright. · Please note that under the new tax law beginning in 2018, employee business expenses previously deducted on Schedule A as a miscellaneous itemized deduction have ...

Trump once again brings up a plan to offer a new tax deduction for the interest consumers pay each year on car loans. The Trump tariff experiment is unlike any economic policy we've seen in decades.

Is vehicle sales tax deductible? See how you can lessen your tax burden. Find out who qualifies and how you can claim and calculate your deduction.

President Donald Trump and House Speaker Mike Johnson are working on creating a new tax deduction for interest paid on auto loans for cars built in the United States. It’s unclear at this time ...