01/23/2026
💸 BIG BEAUTIFUL BILL TAX UPDATE
Let me put you on to something important if you’re thinking about buying a brand-new vehicle.
Starting 2025 through 2028, you may be able to deduct the interest paid on your car loan when you file your taxes. Yes, this applies to personal use vehicles, not just business owners 🙌🏽
✨ Here’s what you need to know:
• You can deduct up to $10,000 per year in car loan interest
• This applies to brand new vehicles only (used vehicles do not qualify)
• The loan must be originated after December 31, 2024
• Loan must be secured by the vehicle
• Leases do not qualify 🚫
💰 Income limits to keep in mind:
• The deduction starts to phase out if income is over $100,000
• $200,000 if you’re married filing jointly
🚙 What qualifies as an eligible vehicle?
• Cars, SUVs, vans, minivans, pickup trucks, or motorcycles
• Must weigh under 14,000 lbs
• Must have final assembly in the United States 🇺🇸
📍 You can confirm this by:
• Checking the vehicle information label at the dealership
• Using the VIN to verify U.S. final assembly
🔁 If you refinance your auto loan later, interest on the refinanced loan may still qualify.
📧 Email: [email protected]
📞 Call/Text: 513.508.0066