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To: 1Old Pro; CatOwner; All

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/


64 posted on 06/12/2025 2:26:47 PM PDT by Drago
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To: Drago
Car loan interest is not currently deductible....only mortgage interest. The bill reinstates auto loan interest deductibility (for everyone not just seniors).

It's only deductible if your total itemized deductions exceed your standard deduction. Otherwise, it's just another congressional shell game to fool the general public.

88 posted on 06/12/2025 3:42:24 PM PDT by eastexsteve
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