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jsjoynt
New Member

Does A hybrid Honda Civic qualify for the deduction?

 
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2 Replies

Does A hybrid Honda Civic qualify for the deduction?

Was it purchased new in 2025?

JohnB5677
Expert Alumni

Does A hybrid Honda Civic qualify for the deduction?

Possibly, under the new (post-2024) IRS rules, ‌interest on a Honda Civic may be deducted if it complies with these‌ guidelines.

 

  • It must be purchased New, 
  • Purchased in 2025–2028, and 
  • Have its final assembly in the U.S.
  • It must be for personal use, 
  • Weighing under 14,000 lbs, 

You may need to consult the dealer for guidance on some of these questions.

You can deduct up to $10,000 in interest annually, subject to income phase-outs.

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