“Interest on a 2025 loan for a new, US-assembled car can be deductible.”

What the law says

Interest on a personal car loan is normally personal interest, which is not deductible. For tax years beginning after December 31, 2024 and before January 1, 2029, qualified passenger vehicle loan interest is carved out of that rule.
The vehicle is new to you (its original use starts with you), is a car, minivan, van, SUV, pickup or motorcycle under 14,000 pounds gross vehicle weight, and had its final assembly in the United States.

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
“Leasing a car gets you the car loan interest deduction.” · Not VALID

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