New tax break for auto loans could save some buyers thousands of dollars. But will it boost sales?
Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans. The new tax break will be available even to people who don't itemize deductions. But there are some caveats that could limit its reach. The vehicles must be new, not used. They must be assembled in the U. S. And the loans must be issued no sooner than to...
Read MoreSat, 12 Jul 2025
- New tax break for auto loans could save some buyers thousands of dollars. But will it boost sales?
- Osprey came back from the brink once. Now chicks are dying in nests, and some blame overfishing
- Trump announces 30% tariffs against EU, Mexico to begin Aug. 1, rattling major US trading partners
- 30% US tariff on European goods threatens to shake up a key trade relationship
- Trump's sudden shifts make his policies baffling to countries trying to negotiate lower tariffs
Fri, 11 Jul 2025
- Boeing settles with a man whose family died in a 737 Max crash in Ethiopia
- Musk's latest Grok chatbot searches for billionaire mogul's views before answering questions
- Breakfast cereal sales declined for decades before Kellogg's sale to Italian company
- SP 500 and Nasdaq composite pull back from their all-time highs
- Time runs out for nearly century-old Michigan clock company due to tariffs, other factors
- One Tech Tip: 'Click-to-cancel' is over, but there are other ways to unsubscribe
- Wyoming's first new coal mine in decades to extract rare earths
- Bitcoin tops $118,000 for the first time, as the cryptocurrency continues to climb to new heights
- Elon Musk's X platform investigated in France for alleged data tampering and fraud
- Rubio and Wang stress cooperation after talks in Malaysia as US-China tensions simmer
Thu, 10 Jul 2025
- Trump plans to hike tariffs on Canadian goods to 35%
- Protesters and federal agents clash during raid at Southern California farm
- Global Citizen takes its fight against poverty to the world's growing cities
- Stocks close higher, nudging the SP 500 and Nasdaq to more highs
- Jane Birkins original Herms bag sells at auction for whopping 8.6 million euros
- AI device startup that sued OpenAI and Jony Ive is now suing its own ex-employee over trade secrets
- Ford recalls over 850,000 cars in the US due to potential fuel pump failure
- Snap, crackle, sale: Nutella maker Ferrero plans to buy WK Kellogg for $3 billion
- Tesla announces November annual meeting under pressure from shareholders
- What to know -- and what isn't known yet -- about US tax deductions for tips and overtime pay
- US applications for jobless benefits fall to 227,000 last week, remain at historically healthy level
- European leaders announce new equity fund for Ukraine and urge investment even as war accelerates
- TikTok faces fresh European privacy investigation over China data transfers
- Rubio holds talks with Russia's Lavrov as Ukraine tensions soar
- UN says if US funding for HIV programs is not replaced, millions more will die by 2029
- Most US adults say child care costs are a 'major problem,' a new AP-NORC poll finds
- Rescuers search for missing crew from Red Sea attack as US alleges Yemen rebels 'kidnapped' them
- Musk's xAI scrubs inappropriate posts after Grok chatbot makes antisemitic comments
- Trump tariffs goods from Brazil at 50%, citing 'witch hunt' trial against country's former president
Wed, 09 Jul 2025
- Alan G. Hassenfeld, former CEO of Hasbro and whose family founded the iconic toy maker, dies at 76
- What flood insurance does and does not cover
- Gains for tech stocks push Nasdaq to another record
- Senate confirms new FAA administrator at a time of rising concern about air safety
- Customers seeking deals gave Amazon's Prime Day and competing sales a solid start
- X CEO Linda Yaccarino resigns after two years at the helm of Elon Musk's social media platform
- AI kingpin Nvidia crowned as first public company with a $4 trillion valuation
- Nvidia is again Wall Street's most valuable company. How it got there, by the numbers
- Samsung unveils its new line of foldable devices at Unpacked
- Philadelphia workers and city reach a deal to end strike that halted residential trash pickup
- A 'click-to-cancel' rule, intended to make canceling subscriptions easier, is blocked
- China extends visa-free entry to more than 70 countries to draw tourists
- Job scams are on the rise and more people are falling for them. Protect yourself with these tips
- Merck spends $10 billion for Verona, gaining access to its COPD medication
- The 5 best vehicles for campers, according to Edmunds
- Trump's trade blitz produces few deals but lots of uncertainty
- Malaysian PM warns Southeast Asia that trade war is not a passing storm
Tue, 08 Jul 2025
- Travelers no longer have to remove their shoes during security screenings at US airports
- St. Jude Children's Research Hospital's fundraiser selects new CEO in midst of global expansion
- Wall Street ends mixed amid Trump's new tariff deadlines
- Trash and tension mount in Philadelphia on Day 8 of workers strike, while some seek pop-up haulers
- Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases
- A look at the countries that received Trump's tariff letters
- Chanel marks 110 years with style and stars by supersizing its couture salon in a palace
- 'Lord of the Rings' director backs long shot de-extinction plan, starring New Zealand's lost moa
- Yemen's Houthi rebels attack another ship in the Red Sea, killing 3
- Investors snap up growing share of US homes as traditional buyers struggle to afford one
- Trump Media files for 'Crypto Blue Chip ETF' with SEC
- Pastors who endorse political candidates shouldn't lose tax-exempt status, IRS says in filing
- UK royals welcome Macron for state visit with migration and Ukraine high on the agenda
- At least 13 may have killed themselves over UK's Post Office wrongful convictions scandal
- Trump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations
Mon, 07 Jul 2025
- Ship attacked in the Red Sea after a bulk carrier sinking claimed by Yemen's Houthi rebels
- Wall Street falls as Trump pressures trading partners with new tariffs
- Deals made by Trump since pausing his 'Liberation Day' tariffs remain sparse
- A reignited Trump-Musk feud burns Tesla investors, shares of EV company tumble 8%
- Former Librarian of Congress, fired by Trump, vows to improve public information in new Mellon role
- Wegovy and Zepbound prices fall, but access to the obesity drugs still isnt guaranteed
- BRICS group condemns increase of tariffs in summit overshadowed by Middle East tensions
Sun, 06 Jul 2025
- Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks
- China retaliates against EU with a ban on European medical devices
----------
Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Copyright © 1996 - 2025 CoreComm Internet Services, Inc. All Rights Reserved. | View our Privacy Policy
CoreComm is not responsible for content on external sites. Please review the privacy and security policies of each vendor before making online purchases or providing personal information. Forecast Information Provided by AccuWeather.