Car Prices are Skyrocketing - Trump's Bill Might Help You Save Money on Your Next Car

3 months ago
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Trump's Big Beautiful Bill includes a provision to help you save money on your next auto loan. But how much will it really help? We dig into how the tax break works and what you have to do to be eligible for it.

The new law allows buyers to deduct up to $10,000 in interest on auto loans for vehicles purchased between 2025 and 2028. That sounds great—especially in an era of soaring car prices and 7–9% loan rates. But this is Washington. There are strings attached.

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