Did you know that buying an American-made car could help you save money on taxes? A possible Car Loan Interest Deduction may allow you to deduct the interest you pay on your car loan, helping you keep more money in your pocket.
To qualify, the car must be manufactured in the USA, and you may need to use it for business purposes. If this deduction becomes law, it could be a great way to reduce your taxable income.
Want to know if you’re eligible and how much you could save? Read on to learn more about this exciting tax benefit!