Does Your Car Qualify for up to a $10,000 Tax Deduction? It Might A new tax deduction lets qualifying buyers write off up to $10,000 in car loan interest — but only on new, American-assembled vehicles purchased through 2028. Original Source: https://www.moneytalksnews.com/does-your-car-qualify-for-up-to-a-tax-deduction-it-might/