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 ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...

With student loan interest payments resuming in late 2023, many borrowers are eligible to claim this deduction for their 2024 tax filings. The benefit, which has existed since 1997, can help reduce ...

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...

The pandemic-era relief provided by the student loan payment moratorium ended in 2023, and by 2024, borrowers were back in the routine of paying their college debt — with interest. However, the good ...

Student loan forgiveness have been the subject of considerable attention, but the potential elimination of the student loan interest deduction also warrants close attention. As part of a sweeping ...

Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of five million borrowers in default.

The budget reconciliation bill, now signed into law, reintroduced an auto loan interest deduction and ended the electric vehicle (EV) tax credit. Many, or all, of the products featured on this page ...