When do the deductions start for One Big Beautiful Bill for the deductions on paying a car note? Also, would that include my Chevrolet Tahoe and Indian Motorcycle?

[rjs]

The deduction for car loan interest is only for vehicles purchased in 2025 or later. If you bought your Chevrolet Tahoe and Indian Motorcycle before 2025 you cannot claim the deduction. The deduction can be claimed on tax returns for 2025 through 2028.

The deduction does include SUVs and motorcycles. The final assembly of the vehicle must have been done in the United States. You can only claim the deduction for a vehicle that you purchased new, not used. The gross vehicle weight (GVW) must be less than 14,000 pounds.

The maximum deduction is $10,000. The maximum is gradually reduced if Modified Adjusted Gross Income (MAGI) is over $100,000 (over $200,000 for Married Filing Jointly). The deduction is completely eliminated if MAGI is $150,000 ($250,000 MFJ) or more.

[NCperson]

final assembly is indicated in the VIN number.  If the first digit is 1, 4 or 5, it was assembled in the US.  The plant of assembly is in position 11 of the VIN.

https://vpic.nhtsa.dot.gov/decoder/

[mesquitebean]

@Mbdarkhorse 

Also, if you have other questions about 2025 tax law changes, TurboTax tax experts will be having an all-day question-and-answer event on the tax law changes in the "One Big Beautiful Bill" this coming Wednesday, August 6 from 9AM-5PM Pacific.

More info on the special forum event here:

https://ttlc.intuit.com/community/events/tax-law-changes-one-big-beautiful-bill-ask-the-experts/ec-p...

On August 6, there will be a link shown on that page to enter the special forum.