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December 18, 2025

The Vehicle Loan Interest Deduction: Up to $10,000 Back in Your Pocket

Buying a new qualifying U.S.-assembled vehicle after Dec. 31, 2024? You may deduct up to $10,000 of interest—whether or not you itemize.

Who qualifies?

  • Cars, SUVs, trucks, motorcycles
  • Under 14,000 lbs
  • Personal-use only
  • Loan must be secured by the vehicle

We’ll help you confirm VIN eligibility and ensure the lender files the required IRS statements.

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