New 2025 Car Loan Tax Deduction: Save Up to $10K on Auto Loan Interest

Описание: Did you know the new tax bill gives you a break on your car loan interest? From 2025 to 2028, taxpayers can deduct up to $10,000 per year of personal auto loan interest, but only if your vehicle is assembled in the U.S. 🚗 This includes cars, trucks, SUVs, and even motorcycles. There are income phaseouts starting at $100K (single) and $200K (married filing jointly), plus requirements to show your VIN and assembly documentation. In this clip, we explain how the Car Loan Interest Deduction works, who qualifies, and why it matters for small business owners, families, and motorsport enthusiasts financing new vehicles.

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