All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

The House's first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. The 389-page tax bill, which is a starting point for ...

Usually the sales tax has to be paid before you can receive title and registration to your vehicle. Sometimes, you can deduct the sales tax of your vehicle from your taxes. Here’s what you need ...

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know ...

If you're someone who itemizes deductions on your tax return, donating a car to charity could boost your tax savings. Many charities sell donated vehicles for cash to support their cause.

If enacted, the legislation could make permanent Trump's 2017 tax cuts, while adding new provisions that could significantly overhaul student borrowing, health savings accounts and car ownership, ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

When using your car for business purposes ... repairs and insurance for the home office tax deduction. To claim this deduction, the simplified method allows a standardized $5 per square foot ...

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 ...