{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/8a56827d472b497f9b18572a46027bd0\" frameborder=\"0\" width=\"1728\" height=\"1296\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1296,"width":1728,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1296,"thumbnail_width":1728,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/8a56827d472b497f9b18572a46027bd0-e4f586cfac5cedd6.gif","duration":260.1052,"title":"Understanding the Auto Loan Interest Deduction 🚗","description":"In this presentation, I discussed the Auto Loan Interest Deduction included in the One Big Beautiful Bill act, which is applicable from January 1st, 2025, to December 31st, 2028. You can claim a maximum deduction of $10,000 of loan interest each tax year, but this phases out for single taxpayers with a modified adjusted gross income between $100,000 and $150,000, and for married couples filing jointly between $200,000 and $250,000. To qualify, the vehicle must be brand new, used solely for personal purposes, and assembled in the U.S. I will need your vehicle's VIN and form 1098 or a statement from your lender to claim this deduction. Please ensure you have this information ready when the time comes."}