New tax break for auto loans could save some buyers thousands of dollars. But will it boost sales?

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New tax break for auto loans could save some buyers thousands of dollars. But will it boost sales?

wtop.com/national/2025/07/new-tax-break-for-auto-loans-could-save-some-buyers-thousands-of-dollars-but-will-it-boost-sales

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new 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 available even to…

This story appeared on wtop.com, 2025-07-13 20:04:10.450000.