IRS Requirements for Auto Lenders
Auto lenders are required to provide interest information due to a new tax deduction.
This change comes after the passage of a significant bill, which includes a car loan tax deduction.
- Auto lenders must comply with new reporting requirements.
- The new requirements are a result of the bill's passage.
No specific details on the bill's name were provided, however it was referred to as "One Big Beautiful Bill".
Available newsletters include:
- Auto Finance News Daily Newsletter
- The Week from Auto Finance News
- Capital & Funding News Alert
Author's summary: Auto lenders must provide interest information for new tax deduction.
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