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donekanem
New Member

Where do I enter interest paid on my clean vehicle based on the one big beautiful bill?

Clean vehicle interest paid
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DawnC
Employee Tax Expert

Where do I enter interest paid on my clean vehicle based on the one big beautiful bill?

It is not for clean vehicles, but rather, NEW autos.   The law lets you deduct up to $10,000 of interest paid on loans for new vehicles you bought between 2025 and 2028.  Go to the Deductions & Credits section, scroll down to Cars and Other Things you Own, and then select START next to Vehicle Loan Interest Deduction.  

 

What is the vehicle loan interest deduction?

path to vehicle loan interest.png

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1 Reply
DawnC
Employee Tax Expert

Where do I enter interest paid on my clean vehicle based on the one big beautiful bill?

It is not for clean vehicles, but rather, NEW autos.   The law lets you deduct up to $10,000 of interest paid on loans for new vehicles you bought between 2025 and 2028.  Go to the Deductions & Credits section, scroll down to Cars and Other Things you Own, and then select START next to Vehicle Loan Interest Deduction.  

 

What is the vehicle loan interest deduction?

path to vehicle loan interest.png

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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