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Trump's Tax Bill Promises Car Loan Relief But The Devil Is In The Details

Summary by Carscoops
The House of Representatives passed a bill that includes an auto loan interest deduction. It would span a four year period and allow for a limit of up to $10,000 annually. An assortment of vehicles would qualify as long as final assembly was done in the U.S. Donald Trump floated the possibility of an auto loan interest deduction when he was running for office and it’s now getting closer to reality. A provision was included in the ‘One Big Beauti…
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Carscoops broke the news in on Saturday, May 24, 2025.
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