Intermediate10 min
Car loan interest deduction
Above-the-line deduction up to $10K/yr for interest on loans for new US-assembled personal vehicles, 2025–2028. MAGI phaseout $100K/$200K.
Above-the-line deduction up to $10K/yr for interest on loans for new US-assembled personal vehicles, 2025–2028. MAGI phaseout $100K/$200K.