The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan interest of up to $10,000 annually for qualified vehicles.

Millions of car buyers in the U.S. could soon get some tax relief thanks to a provision in the so-called " big, beautiful bill " that was signed into law on July 4 by President Trump.

This year, your auto loan could net you a tax break. A new “above-the-line” deduction, passed into law under the One Big Beautiful Bill Act (OBBBA), allows Americans to write off up to $10,000 ...