The Economic Times

You could get a $10,000 tax break on your car loan who qualifies and how to claim it

A new tax rule lets people save money on car loan interest if they buy a new U.S.-made vehicle and meet income rules. The benefit can reduce taxable income by up to $10,000 each year, but it is not full cash back. This tax break is temporary and will end in a few years if not extended by lawmakers.