Скачать или смотреть New IRS Rule Lets You Save Big on Car Loans!

🚗 BIG TAX NEWS: $10,000 Car Loan Deduction is Here! 💵

Starting 2025, the One Big Beautiful Bill (OBBB) brings a huge tax break — you can now deduct up to $10,000 of personal car loan interest every year through 2028. This car loan deduction applies whether you itemize or take the standard deduction.

Here’s what you need to know about this car loan deduction in income tax:
✅ Loan must start after 2024
✅ Must be secured by a first lien
✅ Applies to personal-use cars only — no business vehicles or leases
✅ Deduction is per tax return, not per person
⚠️ Phaseout starts at $100K income (single) / $200K (joint) — every $1,000 over the limit cuts $200 from your deduction.

This change is part of the OBBB tax law, sometimes called the Big Beautiful Bill, and has been discussed by many tax experts, including in car loan deduction Trump policy talks. Whether you call it a car loan tax deduction, auto loan deduction, or car loan interest deduction, the savings are real — but only if you plan ahead.

💡 Example:
If you pay $12,000 in auto loan interest, you can deduct the max $10,000, lowering your taxable income and potentially saving thousands on your taxes.

📉 This new deduction is separate from your AGI and is NOT itemized — making it one of the easiest ways to save money under the new tax rules.

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Disclaimer:
CPA-reviewed by Ivy Smart Tax. For educational use only — not individual tax advice.