There is a new deduction for the purchase of a new 2025 car----you can enter the interest paid on the car loan.
This deduction is not an itemized deduction--it will reduce the amount of income you are taxed on.
CAR LOAN INTEREST
Go to Federal>Deductions and Credits>Cars and Other Things You Own>Car Loan Interest
The amount will go on Schedule 1a and end up on Form 1040 on line 13b
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