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Interest on new car loans is now tax deductible up to $10,000—here's how much buyers may actually save

February 13, 2026 at 06:35 PM
By CNBC

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A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller savings.

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A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller savings. Interest on new car loans is now tax deductible up to $10,000—here's how much buyers may actually save. Stay informed with the latest developments and expert analysis on this important story.

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A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller savings.

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