The Treasury Department is implementing President Donald Trump’s ‘No Tax on Car Loan Interest’ policy, a measure designed to lower costs for American families, Treasury Secretary Scott Bessent said Wednesday.The policy, enacted as part of Trump’s "One, Big, Beautiful Bill," allows eligible taxpayers to deduct up to $10,000 a year in car loan interest on new, U.S.-assembled vehicles purchased between 2025 and 2028."Treasury is implementing President Trump’s No Tax on American Car Loan Interest, putting money back in the pockets of working and middle-class families," Bessent wrote on X. "For new...

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