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The USA Car Act, part of the tax cut package signed by President Trump, allows American taxpayers to deduct up to $10,000 annually in auto loan interest.
Trying to get a car loan with bad credit can feel like an exercise in frustration. But like parallel parking a minivan or navigating the DMV, getting a good loan with subpar credit is difficult ...
On a tax form, the auto loan deduction will come before the calculation of a taxpayer’s adjusted gross income. That’s an important distinction, because many states use a taxpayer’s federal adjusted ...
Candidate Trump promised an auto loan interest tax break Trump pledged while campaigning last year to make interest on car loans tax-deductible.
The new tax law signed by President Donald Trump creates a federal tax deduction for interest on auto loans.
Celebrate 90 years with Utah First’s lowest auto loan rate, 4.99% APR through July 31. Refinance or buy and save big.
Late car payments are on the rise across the U.S., and Southern states are at the top of the list when it comes to delinquencies, according to a new analysis from LendingTree.
RELATED: The "most American" cars of 2025: See the list Overall loan balances are also decreasing, a sign that Americans could be getting fewer auto loans or borrowing less when they do. Federal ...