The Internal Revenue Service released proposed regulations on car loan interest, setting the stage for new guidance that could affect millions of taxpayers and a large share of auto lenders. The ...

Some taxpayers who bought electric vehicles in 2024 had trouble claiming the tax credits because of bad paperwork. Auto dealers group announced an IRS change that will enable dealers to fix EV tax ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law. Here’s a look at the answers to some of your questions about the new deduction.

Evidently, lessors navigating through the complexities of federal tax credits when leasing electric vehicles is not as simple as it is to plug in the EV to recharge it. So, the American Financial ...

The Internal Revenue Service is giving auto lenders some breathing room on new reporting rules tied to the "One Big Beautiful Bill Act," the sweeping tax and spending law signed July 4 by President ...

In just a few days, the federal tax credit for electric vehicles — which knocks several thousand dollars off the price of many new or used EVs for qualified buyers — will be history. A few years ago, ...

The Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the recent tax reform law. Processing Content Notice 2025-57 ...