New vehicle buyers could see modest tax savings under IRS rule
On the Dash:
Buyers of new, U.S.-assembled vehicles purchased in 2025 may deduct up to $10,000 a year in auto loan interest under new IRS guidance.
Eligibility is limited by...
TSLA343.250-3.4%
GM76.7403.98%
F12.1900.67%
RIVN15.1400.45%
CYD41.2801.68%
HMC24.5001.01%
TM215.00011.34%
CVNA338.83018.61001%
PAG153.2805.11%
LAD263.2801.74%
AN196.9103.4%
GPI332.6308.67001%
ABG200.6805.54%
SAH65.9602.46%
TSLA343.250-3.4%
GM76.7403.98%
F12.1900.67%
RIVN15.1400.45%
CYD41.2801.68%
HMC24.5001.01%
TM215.00011.34%
CVNA338.83018.61001%
PAG153.2805.11%
LAD263.2801.74%
AN196.9103.4%
GPI332.6308.67001%
ABG200.6805.54%
SAH65.9602.46%
TSLA343.250-3.4%
GM76.7403.98%
F12.1900.67%
RIVN15.1400.45%
CYD41.2801.68%
HMC24.5001.01%
TM215.00011.34%
CVNA338.83018.61001%
PAG153.2805.11%
LAD263.2801.74%
AN196.9103.4%
GPI332.6308.67001%
ABG200.6805.54%
SAH65.9602.46%
Internal Revenue Service
IRS eases auto loan interest reporting for lenders under new tax law
On the Dash:
Lenders do not need to report 2025 auto loan interest directly to the IRS if borrowers receive a statement by Jan. 31, 2026.
The deduction allows consumers...
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