10/31/2026
Only for new car loans taken in 2025 or later.
You can deduct up to $10,000 of car loan interest a year, even with the standard deduction.
The car has to be new, and built in a US factory. Check the label, not the brand.
Income limits: it starts shrinking above $100,000 single or $200,000 married. For a normal car loan, it's usually gone by about $115,000 single or $215,000 married.
Bought in 2025 and already filed? You may still be able to claim it.
Comment TAX and I'll tell you if you qualify.