Is Car Loan Interest Tax Deductible in 2026? | OBBB Guide

Did you know under the new OBBB provisions, interest on qualifying car loans is now TAX DEDUCTIBLE. That means the government is effectively giving you a discount on your monthly payment by letting you write off the interest at the end of the year!

Requirements:

✅ Vehicle must be under 14,000 lbs.

✅ Final assembly must be in the USA.

✅ Loan must be started after Jan 1, 2025.

If you buy a qualifying New Vehicle at Bismarck Motor Company today, you can deduct the interest from your taxes—just like a home mortgage!

• The Good News: Many of our vehicles qualify!

Stop by BMC today and let us show you how to turn your daily driver into a tax write-off – or Download our OBBB Checklist Today!