Car Loan Interest Tax Deduction (2025–2028): What You Need to Know
A new provision under the One Big Beautiful Bill Act (OBBBA) may allow taxpayers to claim a car loan interest tax deduction for qualifying vehicle purchases made during tax years 2025 through 2028. That sounds straightforward—but like most tax law updates, eligibility depends on very specific rules. Not every vehicle qualifies, not every loan qualifies, […]