[1Old Pro]

Why would they muddy up the discussion by including a new car purchase and loan for SENIORS??!!

Isn't the car loan deduction available to everyone? So why include it when you ae promoting benefits targeted at and for seniors. I'd prefer adding my property taxes as an income deduction.

[TexasGator]

“Isn’t the car loan deduction available to everyone? “

Only for businesses.

“I’d prefer adding my property taxes as an income deduction.”

Property tax is and income deduction.

[Drago]

Car loan interest is not currently deductible....only mortgage interest. The bill reinstates auto loan interest deductibility (for everyone not just seniors).

https://www.carscoops.com/2025/05/auto-loan-interest-could-soon-be-tax-deductible/

Left leaning opinion:

https://itep.org/house-bill-deduction-auto-loan-interest-would-not-offset-tariffs-auto-price-increases/