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Your Car Loan Just Got Cheaper as New Bill Allows Tax Write-offs on Interest

The U.S. House of Representatives has passed President Trump’s sweeping tax bill, nicknamed the “Big Beautiful Bill,” which includes an above-the-line deduction of up to $10,000 in car loan interest.

This 100% write-off is 'permanently' back under Trump's beautiful bill. And it could save 6 or 7 figures for some US taxpayers. Are you one of them?

But thanks to the 100% bonus depreciation rule introduced in the Tax Cuts and Jobs Act and made permanent in Trump’s One Big ...
AOL

8 Car Expenses You Can Write Off on Your Taxes (Even Personal Use)

From eggs to gas prices, expenses have likely gone up in just about every aspect of your daily life. The financial strain is taking a toll on American families and individuals, especially car owners ...
SFGate

2025 Tax Code 179, Bonus Depreciation, and Interest Write-Off Guide

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 Drive

Why the Mercedes-Benz G-Wagon is a Secret Tax Write-Off

If the financial alphas of TikTok are to be believed, there’s a secret loophole in US tax code that allows you to buy a Mercedes G-Wagon and deduct its cost from your taxes. They’re not entirely wrong ...
Autoblog

Your Car Loan Just Got Cheaper as New Bill Allows Tax Write-offs on Interest

View post: Aging EVs Are Piling Up on Dealer Lots—and They Could Sell for Peanuts The U.S. House of Representatives has passed President Trump’s sweeping tax bill, nicknamed the “Big Beautiful Bill,” ...