Here are some of the cars that qualify for an up to $10,000 tax deduction [USA TODAY]
Cars.com Inc. (CARS)
Last cars.com inc. earnings: 2/26 07:30 am
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Source: USA TODAY
A new tax deduction allows buyers to claim up to $10,000 a year on interest paid for new, American-made cars. The deduction applies to qualifying vehicles purchased between Jan. 1, 2025, and Dec. 31, 2028. To qualify, a vehicle must have its final assembly in the United States, which can be verified by its VIN. The "Big Beautiful Bill" that passed last year made a lot of tax changes in relation to car purchases that consumers who qualify could take advantage of if they buy certain vehicles assembled in the United States. The bill removed the federal tax credit of up to $7,500 on the purchase of qualifying electric vehicles, but in its place is a new deduction that allows taxpayers to claim up to $10,000 a year on interest paid on loans to buy a new American-made car purchased between Jan. 1, 2025 and Dec. 31, 2028. Since most people do not pay $10,000 in interest on a car loan each year, the typical annual savings will vary on what you do pay and your income tax rate, but e
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News
- Here are some of the cars that qualify for an up to $10,000 tax deduction [Yahoo! Finance]Yahoo! Finance
- Shopping for a used EV? These 6 under $35K offer strong value [USA TODAY]USA TODAY
- Gas prices have drivers considering hybrids and EVs. Should you? [USA TODAY]USA TODAY
- Cars.com (CARS) was downgraded by Zacks Research from "hold" to "strong sell".MarketBeat
- Hyundai cuts entry-level Ioniq 6 as sales slide [USA TODAY]USA TODAY
CARS
Earnings
- 2/26/26 - In-Line
CARS
Sec Filings
- 3/16/26 - Form 4
- 3/13/26 - Form 4
- 3/13/26 - Form 4
- CARS's page on the SEC website