If you've ever stared at your car payment and thought, “Surely there’s a tax deduction hiding in here somewhere… right?”—good news. Starting in 2025, that wishful thinking might actually pay off. Literally.
Yep, thanks to the very descriptively named One Big Beautiful Bill Act (because apparently Congress is now doing marketing too), you may be able to deduct up to $10,000 per year in interest on your car loan. And get this—the car doesn’t even have to be used for business.
Let that sink in.
Your Target runs, your school drop-offs, your “I just need one thing from Costco” adventures… suddenly tax-deductible? Welcome to America, baby.
Your car has to be assembled in the United States.
Ford? Sure. Chevy? Yup. Tesla? Naturally.
Your beautiful imported German engineering? Nein.
But if you picked a made-in-the-USA ride, the IRS is basically giving you a coupon… a big one. Just keep your loan statements somewhere other than your glovebox sandwich graveyard, because you’ll need documentation.
This deduction is per tax return, not per vehicle.
Two U.S.-assembled cars? Still a max of $10,000 in interest.
Three? Stop bragging.
And while this is a federal perk, your state might still say, “That’s cute, but no.”
Because interest rates are higher than your stress level during tax season, and this deduction could mean real money back in your pocket—money you can use for things you actually enjoy instead of crunching numbers.
And that’s where we come in.
For family businesses, reinvention chasers, and modern entrepreneurs juggling twelve plates at once, we help you:
Think of us as the co-captain who keeps Uncle Sam off your tail while steering you toward smoother waters.
If a simple car payment could turn into a tax deduction next year… imagine what else you’re missing.
Let’s dive into the full breakdown so you can make more money, pay less taxes, and keep your financial ship sailing steady.
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Donna Bordeaux, CPA with Calculated Moves
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.