New Auto Loan Interest Deduction Under the Big Beautiful Tax Bill: What You Need to Know

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The recently passed Big Beautiful Tax Bill introduced a series of attention-grabbing tax changes but one provision could directly benefit millions of Americans is the creation of a new tax deduction for auto loan interest.

For the first time in decades, personal auto loan interest is partially deductible—but it’s not as simple as deducting any old car payment. This provision comes with strict qualifications for both the vehicle and the borrower, and the clock is already ticking, as it’s only available from 2025 through 2028.

In this video, we’ll walk through the key features of the deduction, qualification criteria, and how to plan for this new benefit.

Big Beautiful Tax Bill Videos:
$40,000 SALT Cap: https://youtu.be/sIArvpsS7XQ
$15 Million Estate Exemption: https://youtu.be/4e1XsGrqwaM
Tax-Free Tips & Overtime: https://youtu.be/u2ij_RvUNHk
New Age 65+ $6,000 Deduction: https://youtu.be/bBjvYNJD_cU
Auto Loan Interest Deduction: https://youtu.be/fU9nAj8LTbs
EV Tax Credit Eliminated: https://youtu.be/cHvhJ6i0nNA
Residential Solar Tax Credit: https://youtu.be/BHvZtoMNG3I
PTET Survives: https://youtu.be/QeCpTdF2Pyc
HSA Changes: https://youtu.be/JBC1zUTYm6c
Increased Child Tax Credit: https://youtu.be/vgNMglLVcwY
End of the SAVE Program: https://youtu.be/vaRLqBgaA1k

Questions or want to schedule a consult?
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Visit our website: https://www.greenbushfinancial.com/

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