How will the new tax deductions on auto loans work?

theweek.com/personal-finance/new-tax-deduction-auto-loans

If you are planning to take out an auto loan to purchase a car, you now may get a tax break thanks to President Trump's recently passed tax cut law. One of the many provisions introduced under the wide-ranging One Big Beautiful Bill Act is a tax deduction on auto loan interest.
However,…

This story appeared on theweek.com, 2025-07-25 18:55:10.
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