video1.0<iframe src="https://www.loom.com/embed/8a56827d472b497f9b18572a46027bd0" frameborder="0" width="1728" height="1296" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>12961728Loomhttps://www.loom.com12961728https://cdn.loom.com/sessions/thumbnails/8a56827d472b497f9b18572a46027bd0-e4f586cfac5cedd6.gif260.1052In 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.