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Interest on new car loans is now tax deductible up to $10,000—here's how much buyers may actually save
For the 2025 tax year, eligible U.S. taxpayers can deduct up to $10,000 in auto loan interest under a temporary provision enacted as part of President Donald Trump's One Big Beautiful Bill Act.
Getting a car loan right now is notoriously expensive, but a new tax rule might finally give American drivers some much-needed financial relief. Following the passage of the One, Big, Beautiful Bill, ...
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