Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit, ...

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2025 calendar year for the ...

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed tax ...

A new tax break allows deductions on interest paid on new car loans for vehicles assembled in the U.S. until 2028. Experts believe the tax break is unlikely to significantly shift the market in favor ...

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 ...

A new $10,000 car tax break is making headlines — and it sounds like a dream come true for anyone with a car loan. Tucked inside the One Big Beautiful Bill is a “No Tax on Car Loan Interest” deduction ...