01/23/2026
Great News for Taxpayers!
ππΈ New Tax Break for Car Buyers (2025β2028) πΊπΈ
Buying a new, U.S.-assembled vehicle? You may be able to deduct up to $10,000 in auto loan interest β even if you take the standard deduction.
β
Loan after 12/31/24
β
New vehicle (personal use, under 14,000 lbs)
β
Final assembly in the U.S.
β
Income under $150k (single) / $250k (married)
π‘ Itβs an above-the-line deduction, meaning it lowers your AGI.
π Popular qualifying models (VIN-specific) include Jeep Wrangler, Wagoneer, Ram 1500.
β³ Runs 2025β2028
π Check the car door sticker or VIN before you buy.
Call Today! Schedule an appointment with our A & H Tax Accountants. Call Tony Tamba at (401) 649-3670.