When it comes to buying and selling a car, cutting out the middleman has plenty of perks. Buying a car from a private seller will usually result in a lower price tag. Selling your car yourself will ...
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The New Tax Deduction for Car Loans Isn’t As Great As It Sounds. Here’s How It Works.
The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...
Millions of car buyers in the U.S. could soon get some tax relief thanks to a provision in the so-called "big, beautiful bill" that was signed into law on July 4 by President Trump. The idea of giving ...
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on the new tax ...
ORLANDO, Fla. – If you’ve been on the fence about buying an electric vehicle, you’ve got just days left to close the deal and potentially save thousands of dollars. The federal government’s clean ...
Editor's note: President Donald Trump signed the "One Big Beautiful Bill Act" (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...
Some taxpayers who bought electric vehicles in 2024 had trouble claiming the tax credits because of bad paperwork. Auto dealers group announced an IRS change that will enable dealers to fix EV tax ...
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