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GOBankingRates
GOBankingRates
Jordan Rosenfeld

Financing a Car? Find Out If This New Tax Deduction Could Lower Your Costs

Alex Black Ruth Calkins Tax Deduction
Berki Alin / iStock.com

There are several ways to buy a new car, from purchasing one outright with cash to financing it through a car loan. Now, however, a provision in the recently passed One Big Beautiful Bill (OBBB) provides a little tax incentive for anyone thinking of financing a car through 2028.

Find Out: 8 Ways Trump’s ‘One Big Beautiful Bill’ Could Offer Tax Relief

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