A Brand-New 2025 Tax Break: Deduct Up to $10,000 in Auto Loan Interest — Even If You Take the Standard Deduction
The 2025 Auto Loan Interest Deduction allows taxpayers to claim up to $10,000 per year in qualified personal auto loan interest, regardless of whether they take the standard or itemized deduction. This guide explains eligibility, MAGI phase-outs, vehicle requirements, and practical EA-level examples.