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Auto Loan Interest Deduction
Understanding the New Deduction
Starting with the 2025 tax year, a new federal law—the One Big Beautiful Bill Act (OBBBA)—allows eligible taxpayers to deduct up to $10,000 annually in interest paid on qualified auto loans. This deduction applies to new vehicles purchased for personal use and assembled in the United States.
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Thank you for your membership—time to be rewarded!
Thank you for your membership—time to be rewarded!
For a limited time, eligible members may receive an extra .25% discount on their Auto Loan when payments are set up from a Sierra Central Checking account.
For a limited time, eligible members may receive an extra .25% discount on their Auto Loan when payments are set up from a Sierra Central Checking account.
