Beginning with the 2025 tax year, taxpayers who purchase a new vehicle  may be eligible to deduct auto loan interest , even if they do not itemize deductions. This temporary federal deduction applies to vehicles purchased between 2025 and 2028  and is available for qualifying personal-use vehicles. To be eligible, the vehicle must meet specific requirements, including final assembly in the United States  and a qualifying loan structure secured by the vehicle. Income limits ap