Trump's BBB could help you deduct your auto loan, but it has to be a new car made in the U.S.A. Here's what else you need

Why did Bitcoin hit a new record high? How will Trump's 30% tariffs affect US trade? Why is the Fed facing pressure over renovations? What impact did Trump’s tariffs have on Europe? How did China's export growth defy tariffs? Why is Nvidia downplaying China risks? How is AI affecting UK job openings?

Trump's BBB could help you deduct your auto loan, but it has to be a new car made in the U.S.A. Here's what else you need

fortune.com/2025/07/13/how-much-can-you-deduct-taxes-auto-loans-new-car-trump-bbb

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new “Big Beautiful Bill” tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans.
The new tax break will be…

This story appeared on fortune.com, 2025-07-13 21:32:55.681000.