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Tax Planning
No Tax on Car Loan Interest: What Actually Qualifies for the New OBBBA Deduction

A new deduction lets you write off up to $10,000 a year in car loan interest, but only on new, US-assembled vehicles, and it phases out fast for higher earners. Here's what qualifies, the income cutoffs, and why the IRS's new Form 1098-VLI won't show up until 2027.

August 5, 2026