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Story summary
- The United States government offers a new auto loan tax deduction allowing up to $10,000 in interest.
- The deduction, part of the One Big Beautiful Bill, covers vehicles purchased after December 31, 2024, through December 31, 2028.
- Qualifying vehicles must be new and assembled in the United States, with full deduction for single filers up to $100,000 and married couples up to $200,000.
