Big Beautiful Bill $10k Tax Deduction
Big Beautiful Bill $10k Tax Deduction
Save on Your Next Vehicle with Potential Tax Benefits
You may qualify for a tax deduction on up to $10,000 in interest paid per year on eligible new vehicle loans.
This opportunity can help reduce the overall cost of financing by offering potential tax savings on interest paid. Qualified buyers may benefit when purchasing eligible cars, trucks, or SUVs assembled in the United States.
Have questions or want to see if you qualify? Contact us below or start browsing available inventory to find your next vehicle.
Frequently Asked Questions
This program allows eligible buyers to deduct up to $10,000 in interest paid per year on loans used to purchase qualifying U.S.-assembled vehicles. This benefit may be available whether you itemize deductions or take the standard deduction.
Please consult a tax, legal, or accounting professional for guidance specific to your situation.
Eligibility is based on income:
- Up to $100,000 for individual filers
- Up to $200,000 for joint filers
The benefit begins to phase out above these levels and is fully phased out at:
- $150,000 for individuals
- $250,000 for joint filers
This benefit applies to individual auto loans only. It does not apply to leases or commercial/business purchases.
Yes. The deduction applies to interest paid during tax years 2025 through 2028.
The loan must be newly originated after December 31, 2024. Refinanced loans from prior dates are not eligible.
Eligible vehicles must be new and assembled in the United States.
Important Disclosures
This potential deduction is available to qualified individual buyers on eligible new vehicles assembled in the U.S. It applies only to interest paid during tax years 2025–2028 on loans originated after December 31, 2024. Eligibility, income limits, and other restrictions may apply and are subject to change in accordance with federal regulations. This content is for informational purposes only and should not be considered tax, legal, or accounting advice. Please consult your professional advisor for guidance specific to your situation. Vehicles must be assembled in the U.S. using domestic and globally sourced parts.