Trump car loan tax deduction plans taking shape

Name: Trump car loan tax deduction plans taking shape
Uploaded: 2026-01-09T11:49:04Z
Description: Buying a new American-made car could mean a bigger tax break for many Americans. Under President Trump's new bill, drivers could deduct up to $10,000 a year in car-loan interest on cars made in the U.S. purchased through 2028. A list of eligible cars is expected soon.

Buying a new American-made car could mean a bigger tax break for many Americans. Under President Trump's new bill, drivers could deduct up to $10,000 a year in car-loan interest on cars made in the U.S. purchased through 2028. A list of eligible cars is expected soon.

Posted January 9, 2026 6:49am EST