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...

Gaithersburg Office

Looking for tax help in Gaithersburg, Maryland? You can find us at:

9841 Washingtonian Blvd. Suite 200
Gaithersburg, Maryland 20878

Silver Spring Office

Looking for tax help in Silver Spring, Maryland? You can find us at:

12069 Tech Road
Silver Spring, MD 20904
Tax Question How can I help you with a tax situation?
How can I help you with a tax situation?
Please fill out the form and our team will get back to you shortly The form was sent successfully