How Much You Can Save on New Car Purchases in Every State Under Trump’s Tax Bill

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Car buyers can deduct up to $10,000 in auto loan interest each year whether they itemize or take the standard deduction

  80% confidence

• Millions of American car buyers will get tax relief through the auto loan interest deduction

  80% confidence

• The deduction phases out for single filers at $150,000 MAGI and joint filers at $250,000 MAGI, reducing by $200 for every $1,000 above the threshold

  80% confidence

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