Auto Loan Interest Tax Deduction 2026: How to Claim Up to $10,000
For nearly 40 years, Americans financing a personal vehicle couldn’t deduct a single dollar of auto loan interest on their federal tax return — no matter how high rates climbed or how much they paid. That era ended on July 4, 2025. The One Big Beautiful Bill Act (P.L. 119-21) introduced a brand-new deduction for … Read more