🖋️ The $10,000 Car Interest Deduction (2026 Update)
A new 2026 rule allows you to deduct up to $10,000 in interest on a personal car loan if you meet income requirements.
👉 The Edge: This is an extra layer of savings on top of your standard business mileage rates, making it easier to save on car-related expenses.
Tip: Keep records of the loan and interest payments to back up your deduction.
Do you currently have a loan on your primary business vehicle?
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🖋️ The $10,000 Car Interest Deduction (2026 Update)
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