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Car Loan Tax Deduction on US-Assembled Vehicles | GMC
Car Loan Tax Deduction on US-Assembled Vehicles | GMC
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For over a century, GMC has dedicated themselves to art of science and engineering. And now, the One Big Beautiful Bill is making it even easier to get into your next professional grade vehicle and experience that dedication yourself.
Provides a tax deduction for up to $10,000 in annual interest paid on loans to acquire U.S. assembled
Applies whether an individual itemizes deductions or takes the standard deduction.
Consult your tax, legal or accounting professional if you have questions. This information does not constitute tax, accounting or legal advice.
Income limits: $100k single ($200k married filing a joint return) – phase out for next $50k and is fully phased out for taxpayers with modified joint adjusted gross income in excess of $150k ($250k married filing a joint return).
Individual financing only – not applicable to commercial/fleet purchases and no lease benefit.
Only applies to interest paid in tax years 2025–2028.
Must be new debt contracted after 12/31/2024.
Must be assembled in the U.S.
Contact your preferred GMC dealership for personalized support and guidance regarding the One Big Beautiful Bill.
Big things are on the horizon that are designed to make eligible vehicles’ interest payments tax deductible.
The One Big Beautiful Bill is a new federal law aimed, in part, at incentivizing the purchase of eligible vehicles assembled in the U.S.
New incentives could provide tax savings on interest payments made on eligible auto loans for qualified buyers, making it more affordable to get into eligible cars, trucks or SUVs assembled in the U.S.
This Act is all about rewarding the purchase of a U.S.-assembled
See your dealer for vehicle eligibility and more details.
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