01/25/2026
🚗 2025 TAX UPDATE — PERSONAL PASSENGER VEHICLE INTEREST
If you purchased a NEW personal passenger vehicle in 2025, you may be eligible to deduct a portion of your auto loan interest.
📌 Important details:
✔️ Vehicle must be NEW
✔️ Must be for personal use (not business)
✔️ Must be financed (leases do NOT qualify)
✔️ Final assembly must be completed in the U.S.
✔️ Vehicle must be under 14,000 lbs
⚠️ Not all vehicles qualify — even if they were purchased in 2025.
👉 If you think this applies to you, please bring or email:
• Your vehicle purchase documents
• Your auto loan information
This allows us to verify eligibility and calculate the correct amount.
As always, we’ll review everything carefully to be sure you receive any benefit you qualify for.
— Tax Time Inc.