Money Talks News on MSN

The new tax deduction for car loans isn’t as great as it sounds. Here’s how it works.

The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...

‘No Tax On Car Loan Interest’—Tax Reform Or Facade?

New car loan interest deduction lets buyers write off up to $10,000—but the real winners may be automakers, not middle-class ...
Yahoo

5 Home Ownership Expenses That Are Tax Deductible—and 5 That Aren’t

If you bought your first home in 2023 or refinanced your home, then you might be in line to take advantage of some home buyer tax deductions that will help you toward a healthy tax return. Any home ...
Nasdaq

Guide To The Tax Implications Of A Cash-Out Refinance

If you’re a homeowner looking to access some of your home’s equity, you may want to consider a cash-out refinance. A cash-out refinance allows homeowners to tap their home’s equity without selling ...
KTVZ

Here’s who will — and won’t — qualify for the new car loan interest deduction

(CNN) — President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is ...
Money Digest on MSN

Are home equity loans tax-deductible?

If you take out a home equity loan, can you deduct the interest? There are two factors that will determine whether or not you ...
Forbes

Are Home Equity Loans Tax Deductible?

With over four years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed decisions as ...
AOL

What are cash-out refinance tax implications?

You won’t owe taxes on the cash you receive from a cash-out refinance. If you use the cash to fund capital improvements on your home, the interest may be tax-deductible. Any mortgage interest you ...