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Government Help Buying A Car Apr 2026

Under the One Big Beautiful Bill Act , you can deduct up to $10,000 per year of interest paid on auto loans for new, U.S.-assembled vehicles purchased between 2025 and 2028.

You may qualify for a credit of up to $7,500 for a new EV or $4,000 for a used EV. government help buying a car

Applies to personal-use cars, SUVs, and trucks under 14,000 lbs. Under the One Big Beautiful Bill Act ,

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