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Up to $10,000 tax deduction on cars? Heres who qualifies and how to claim it

New US tax rule gives car buyers a chance to save money. People can get a tax deduction on car loan interest if they buy a new vehicle made in the US. But not everyone qualifies. Income limits and rules apply. This benefit may help some buyers save a small amount of tax each year if they meet conditions.

18 Mar 2026 9:51 pm