One Big Beautiful Bill Lets You Deduct Car Loan Interest—$10,000 per Year

Texas Border Business Texas Border Business The “One Big Beautiful Bill” Act (officially Public Law 119‑21) was signed into law on July 4, 2025. One of its new provisions allows individuals to deduct interest paid on certain car loans. This deduction is effective for tax years 2025 through 2028, meaning it starts January 1, 2025, and … Continue reading One Big Beautiful Bill Lets You Deduct Car Loan Interest—$10,000 per Year