A person in a suit signs a document at a desk with a pen, with a small model car nearby—illustrating the process of deducting car loan interest under the OBBBA.

Deducting Car Loan Interest Under the OBBBA: Rules and Strategies

Tax Credits & Deductions

The One Big Beautiful Bill Act brought in a new deduction for car loan interest that really shakes up how folks might think about financing a car. Now, you can deduct up to $10,000 per year in interest paid on loans for new, made-in-America vehicles bought for personal use—if you take out the loan after […]

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