New U.S. Auto Loan Tax Deduction Could Save Buyers Money
TL;DR Summary
President Trump's new tax law allows for a tax deduction on interest paid for loans on new, U.S.-assembled vehicles purchased for personal use, potentially saving buyers hundreds of dollars annually, with eligibility based on income and vehicle origin.
Topics:business#auto-loan-deduction#car-purchase-incentives#finance#tax-law#tax-savings#us-made-vehicles
- Trump's BBB could help you deduct your auto loan, but it has to be a new car made in the U.S.A. Here's what else you need Fortune
- New tax break for auto loans could save some buyers thousands of dollars. But will it boost sales? Yahoo Finance
- The 'big, beautiful, bill' includes a car loan interest tax deduction. Do you qualify? Fox Business
- Best Cars That Earn Tax Credits and May Avoid Tariffs Consumer Reports
- Buy a new car built in America? You can now deduct the interest on your loan News 5 Cleveland WEWS
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