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Economy

Vehicles fill the parking lot at a Honda dealership in San Marcos, Texas. About 60% of the Honda vehicles sold in the U.S. last year were assembled in the United States, according to Honda, which means they could be eligible for a new tax provision allowing buyers to deduct the interest paid on their auto loans.
Brandon Bell
/
Getty Images
Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing. But not everyone is eligible.
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