There’s a new tax deduction for car loans in Trump’s Big Beautiful Bill. Here’s who’s eligible

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There’s a new tax deduction for car loans in Trump’s Big Beautiful Bill. Here’s who’s eligible—and what’s the catch

fastcompany.com/91365644/new-car-loan-tax-deduction-trump-big-beautiful-bill-who-qualifies-rules

While the “No Tax on Tips” provision in President Donald Trump’s One Big Beautiful Bill Act has been making headlines for its tax deductions on tips and overtime, there are plenty of other write-offs tucked into the massive 940 page bill—including one aimed at car owners financing new…

This story appeared on fastcompany.com, 2025-07-09 20:35:00.