Car Loan Interest Deduction 2026 — Up to $10,000, but Only If Your Car Qualifies

Описание: Yes, car loan interest is deductible again for 2026 — up to $10,000 a year. But the fine print decides everything: the car must be new, US-assembled, bought with a post-2024 loan, and for personal use. Here's the real rule, straight from the IRS.

In this video:
• Interest only — why your payment and principal don't count
• The four loan tests: origination date, original use, lien, personal use
• The US final-assembly rule — and how to check it with the VIN decoder
• What doesn't count: leases, used cars, pre-2025 loans, foreign assembly
• The $10,000 cap and the $200-per-$1,000 phase-out
• How to claim it on Schedule 1-A, Part IV (VIN required)
• A worked example, step by step

⏱ Chapters:
0:00 — A deduction for your car payment? Not quite
0:24 — Where it comes from
1:05 — What counts: the loan and vehicle tests
2:02 — What doesn't count
2:46 — The limits: $10,000 cap and the phase-out
3:29 — How to claim it: Schedule 1-A, Part IV
4:13 — A worked example (hypothetical)

Sources (primary — IRS):
• Fact Sheet FS-2025-03 — Tax deductions for working Americans and seniors: https://www.irs.gov/newsroom/working-famil...
• Fact Sheet FS-2026-04 — Schedule 1-A: https://www.irs.gov/newsroom/schedule-1-a-...
• Working Families Tax Cuts — individuals and workers: https://www.irs.gov/newsroom/working-famil...

Educational only — not personal tax advice. Tax rules depend on your individual situation; consult a qualified tax professional about yours.