Learning Center

Video Tips: In 2026, Don't Sleep on the Vehicle Loan Interest Deduction

The One Big Beautiful Bill Act (OBBBA) introduces a new deduction for vehicle loan interest, set to take effect from 2025 and applicable through 2028. This measure allows taxpayers to deduct up to $10,000 annually for interest paid on qualified passenger vehicle loans, but is phased out when the taxpayer’s modified AGI exceeds $100,000 ($200,000 for married joint filers).

Watch this video to learn more about this deduction.

Share this article...

Want tax & business tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

Get In Touch With Brontide

At Brontide, we're committed to delivering timely and reliable solutions for your tax and assurance needs. Fill out the form below to reach out to us.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages and agree with the

Social Media

Location

6701 Democracy Blvd, Suite 300
Bethesda, Maryland 20817

Maryland License Number: 41307