02/12/2026
Call/text (559)479-4666 or (559)384-0020
๐๐ฐ New Tax Break for Car Buyers (Starting with New Purchases)
Heads up โ the new tax law allows a deduction for car loan interest on certain new vehicles ๐
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Must be a new vehicle (not used)
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Must be purchased & financed after 12/31/2024
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Must be assembled in the U.S.
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Loans only โ leases donโt qualify
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Deduct up to $10,000 of interest per year
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You can claim it even if you take the standard deduction