Car Loan Interest Tax Deduction 2026: Do You Qualify for the New $10,000 Write-Off
A practical 2026 filing guide to the new federal car loan interest deduction created by the 2025 tax law (OBBBA). Covers who qualifies, the US final-assembly requirement and how to verify it, the $10,000 annual cap, MAGI phaseouts for single and joint filers, why non-itemizers still get it, lender reporting on Form 1098-VLI, and common mistakes.