ABA testifies on improving auto loan tax deduction implementation
By ABA Banking Journal Staff
AI Summary
ABA recommends revisions to the proposed rule for auto loan tax deduction implementation; ABA argues banks will be crucial for its success.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. It discusses a national issue related to auto loan tax deductions and bank involvement.
Original Content
Banks will be pivotal for the success of a new tax deduction for certain automobile purchases, so the IRS should consider revisions to a proposed rule implementing the policy to enhance its feasibility, ABA's Joey Connor told the agency. The post ABA testifies on improving auto loan tax deduction implementation appeared first on ABA Banking Journal .