06/13/2026
According to new data from The U.S. Department of the Treasury, Americans who claimed the No Tax on Car Loan Interest deduction received an average deduction of more than $1,800.
By allowing taxpayers to deduct up to $10,000 in annual interest on new vehicles built in America, we’re helping families keep more of their hard-earned money while supporting American manufacturing and American jobs.
Made in America. Driven in America. Deducted in America. 🚘