“Leasing a car gets you the car loan interest deduction.”

What the law says

The loan was taken out after December 31, 2024, to buy the vehicle, and is secured by a first lien on it. The vehicle is for personal use.

Source: IRC §163. Read the full rule, with the law quoted

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More claims about the same rule

“You can deduct the interest on any car loan now.” · Not VALID
“Interest on a loan for a used car counts for the new car loan deduction.” · Not VALID
“Interest on a 2025 loan for a new, US-assembled car can be deductible.” · VALID

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