tax deduction Archives

Taxes October 21, 2025

IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA

The IRS issued transitional guidance on Oct. 21 that provides penalty relief to certain lenders on the new information reporting requirements for car loan interest received in 2025 under the new Trump tax law.

Jason Bramwell

Special Section: Guide to 2025 Tax Changes September 24, 2025

Keys to the New Auto Loan Interest Tax Deduction Under the New Tax Law – OBBBA Tax Law Changes

The One Big Beautiful Bill Act (OBBBA) authorizes a new tax deduction for auto loan interest, beginning in 2025 and ending after 2028.

JD, Ken Berry, JD

tax deduction

Featured Articles

IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA

Keys to the New Auto Loan Interest Tax Deduction Under the New Tax Law – OBBBA Tax Law Changes

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Featured Articles

IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA

Keys to the New Auto Loan Interest Tax Deduction Under the New Tax Law – OBBBA Tax Law Changes

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more...