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Tag: car loan interest deduction

Posted on May 24, 2025May 26, 2025 by mtharp2013

Made in America, Driven with Deduction: A Closer Look at Tax Relief for U.S. Car Buyers

When the One Big Beautiful Bill Act (OBBBA) rolled through the halls of Congress like a shiny new pickup on Main Street, it came loaded with goodies aimed at revving up the American economy. One of the standout features? A provision that makes interest on car loans for American-made vehicles tax-deductible—up to $10,000 a year.…

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