19 hours ago · Here’s Who Could Benefit. Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings.

3 hours ago · Trump Auto Loan Tax Break: Discover how President Trump's new auto loan tax break could impact taxpayers and the auto industry. Learn about eligibility, potential savings, and the …

Jul 23, 2025 · Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year.

Nov 7, 2025 · Now, a new tax break could ease that burden by allowing borrowers to deduct auto loan interest from their taxes. In Trump’s new so-called " big, beautiful bill," the GOP offers a tax...

Car buyers may now benefit from a new tax break that allows them to deduct up to $10,000 in auto loan interest each year from their federal income taxes — reducing their taxable income.

Jul 9, 2025 · There’s a new tax deduction for car loans in Trump’s ‘big, beautiful bill.’. Here’s who’s eligible—and what’s the catch. ‘No Tax on Tips’ wasn’t the only tax write-off signed into law. However,...

Jun 24, 2025 · House and Senate Republicans proposed giving drivers a tax deduction of up to $10,000 on annual interest for new auto loans in their so-called "One Big Beautiful Bill Act." The tax break...