What 2025 Tax Changes Mean for Your Wallet

If you are thinking about buying a new car, there is a new financial benefit on the horizon that may be worth keeping on your radar. Starting in the 2025 tax filing year, a new federal law will allow some borrowers to deduct the interest paid on qualifying auto loans — a first for many modern consumers. This change could mean extra savings at tax time, however, like most tax updates, there are a few important details to understand before making decisions. Read More.