To fulfill Trump's campaign promise, House GOP lawmakers want to offer a tax deduction for car loan interest. How would it ...

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 U.S. House of Representatives has passed new legislation championed by President Trump, including a new tax deduction ...

Americans were allowed to deduct all interest on consumer debt, including car loans ... code by eliminating itemized deductions and other special carveouts while cutting rates. That approach has ...

The theory is that it could boost car sales at a time when interest rates are high. Trump said the car loan deduction would stimulate domestic auto production and "make car ownership dramatically ...

President Trump has announced his administration’s efforts to create a new tax deduction for auto loan interest payments made on US-made vehicles to boost domestic manufacturing and counter ...