No tax on interest for US-made cars, up to $10,000 annually.
Replies
How does this work. Is it a write-off?
jun 28, 2025, 11:45 pm • 0 0 • view
Federal, state, local tax?
jun 29, 2025, 5:28 pm • 0 0 • view
What % of the car needs to be US-made? Or is that TBD?
jun 28, 2025, 11:53 pm • 0 0 • view
Super smart politically. Trump is locking-in middle and working class voters. Plus, seniors like me get an additional $5,000 on exclusions.
jun 29, 2025, 12:36 am • 0 0 • view
Yes, seniors can use the 6000$ to pay for some of their medical bills.
jun 29, 2025, 9:59 am • 0 0 • view
CBO put out some numbers on this bill right around midnight and we expect more tomorrow, so some numbers on this chart might change. Hang with me. The math on this bill is a living, breathing thing.
jun 29, 2025, 5:22 am • 32 6 • view
The math is still living and breathing, but here's my running tracker of _EVERYTHING_ in the Senate bill. This is an extension of my notes, so pardon typos!
jun 29, 2025, 8:25 pm • 30 12 • view
📌
jun 29, 2025, 9:29 pm • 0 0 • view
Thank you for the running commentary, accurate figures and doing the work for us!
jun 29, 2025, 8:33 pm • 1 0 • view
I think you get to deduct the interest expense on your car loan up to $10k deduction.
jun 28, 2025, 11:48 pm • 0 0 • view