Car Loan Interest Deduction Calculator (OBBBA)
OBBBA allows up to $10,000 of new-car loan interest to be deducted, but only for vehicles assembled in the US (model year 2025+). Phase-out begins at $100K MAGI ($200K MFJ). Personal-use loan only.
FINANCEOBBBA allows up to $10,000 of new-car loan interest to be deducted, but only for vehicles assembled in the US (model year 2025+). Phase-out begins at $100K MAGI ($200K MFJ). Personal-use loan only.
Detailed instructions, formula notes, and US-context guidance shown in the calculator above.