Analyzing the Impact of Trump's New Car Loan Tax Deduction
TL;DR Summary
The US law now allows Americans to deduct interest on new car loans up to $10,000, primarily benefiting high-income buyers of luxury vehicles and potentially encouraging larger, more expensive car purchases, which may worsen transportation costs and environmental impacts, while offering limited benefits to average consumers.
- The High Costs of Trump’s ‘Big Beautiful’ New Car Loan Deduction Bloomberg
- Trump's new tax deduction on auto loans has major limitations: What car buyers should know USA Today
- 'Big, beautiful, bill' car loan interest tax deduction: These brands, models may qualify FOX 5 DC
- Trump’s ‘Big Beautiful Bill’ gives tax breaks to car buyers — but who really wins? CBT News
- Understanding The New Car Loan Interest Deduction Law Post and Courier
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