How to Take Advantage of Auto Loan Interest Deduction from the Big Beautiful Bill
The new “Big Beautiful Bill” allows you to deduct interest paid on qualifying car loans. If you purchased a new, American-made vehicle recently, you may be able to lower your tax bill. Check your eligibility below to see if you can take advantage of this new tax break.
Eligibility Requirements
To take advantage of this deduction, there are specific requirements that must be met. Visit the IRS website at https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors to learn more about the eligibility criteria.
If you want to check whether your 2025 vehicle purchase qualifies, visit The National Highway Traffic Safety Administration’s VIN Decoder website at https://vpic.nhtsa.dot.gov/decoder/.
Finding the Interest You Paid on the Auto Loan
You can find the year to date interest paid on your 2025 Peach State auto loan on your December account statement. If you need help finding this, please contact our Call Center at 855.889.4328.
This content is for informational purposes only. Please contact your tax professional for advice specific to your circumstances.