BBB 10k interest deduction

CDJR would like to raise you a bottle at Gurney’s!

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This car loan tax savings seems to only count for new vehicles. Pretty crazy that it excludes refinance of used cars.

From CBS…

“The benefit phases out for higher-income households, but some analysts argue that those with the means to buy new cars, especially more expensive models, are more likely to benefit.

On the other hand, many lower-income buyers and those purchasing used or imported vehicles would be left out.“