Trump has a new auto loan tax break. Here's who could benefit.
19 hours ago · Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings.
Trump Unveils Auto Loan Tax Break: Who Stands to Benefit?, ETAuto
3 hours ago · Trump Auto Loan Tax Break: Discover how President Trump's new auto loan tax break could impact taxpayers and the auto industry. Learn about eligibility, potential savings, and the …
Trump's new car loan interest deduction: Who qualifies
Jul 23, 2025 · President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop at the Detroit Economic Club. The details of the deal unfolded this summer in tax...
Trump's new tax cuts include break for auto loans | AP News
Trump pledged while campaigning last year to make interest on car loans tax-deductible. He said it would make car ownership more affordable and “stimulate massive domestic auto production.” The …
Trump's New Car Loan Interest Deduction — Here's How To ...
Jul 25, 2025 · Who qualifies for the new auto loan tax break? What vehicles qualify for the car loan deduction? Car buyers may now benefit from a new tax break that allows them to deduct up to …
Trump’s Tax Break on Auto Loans: How Does It Work? (w ...
Jul 14, 2025 · Trump’s tax break on auto loans works by allowing certain vehicle-related costs and interest to be deducted on your taxes, especially for business use. This article will break down how it …
New GOP Car Loan Interest Deduction: Which Vehicles and ...
Nov 7, 2025 · Now, a new tax break could ease that burden by allowing borrowers to deduct auto loan interest from their taxes. In Trump’s new so-called " big, beautiful bill," the GOP offers a tax...