Starting with the 2025 tax year (filed in 2026), the One, Big, Beautiful Bill (OBBB) allows eligible taxpayers to deduct up to $10,000 in interest paid on loans for new, final assembled in U.S. vehicles.
Frequently Asked Questions
Starting with the 2025 tax year (filed in 2026), the One, Big, Beautiful Bill (OBBB) allows eligible taxpayers to deduct up to $10,000 in interest paid on loans for new, final assembled in U.S. vehicles.