New Auto Loan Interest Deduction: Key Tax Rules
Learn the new auto loan interest deduction rules, including eligibility, limits, qualified vehicles, and how to claim this temporary tax benefit through 2028.
Automotives
2026 Vehicle Loan Interest Deduction: What to Know
Learn about the new vehicle loan interest deduction under OBBBA, including eligibility, phaseouts, and how taxpayers may deduct up to $10,000 annually.
Video Tips: The 2026 Standard Business Mileage Rate Is Here
The Standard Business Mileage rate for 2026 has recently been released. Watch this video to learn more.
2026 Standard Mileage Rates Announced by IRS
The IRS has released the 2026 standard mileage rates for business, medical, charitable, and moving use. Learn what changed and how it affects deductions.
Passenger Vehicle Loan Interest
The passenger vehicle loan deduction provided by the OBBBA is well-intended but also comes with many restrictions. Watch this video for details.
EV Tax Credit Expiration September 30, 2025 – What Buyers Ne
The federal EV tax credits, worth up to $7,500 for new and $4,000 for used vehicles, expire September 30, 2025. Learn how to qualify before the deadline.
Vehicle Loan Interest Deduction Rules & Limits
The OBBBA vehicle loan interest deduction offers up to $10,000 in relief, but strict rules on income, vehicle type, and eligibility may limit its benefit.
The Tax Treatment of Business Vehicles
Navigating the tax treatment of business vehicles requires a thorough understanding of the available deduction methods and their implications.
A Guide to Donating Your Vehicle to Charity
Charitable donations of used vehicles including cars, boats, and airplanes, stand out due to the specific rules governing their contributions.
Senators Push to End EV Tax Credits
Republican Senators have introduced legislation that will do away with electric vehicle credits and replace it with a one-time tax on EV purchases.