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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 9:30 AM EST
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From: Minka6/30/2025 10:02:58 AM
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Nice US AUTO Tax Break

US Auto Interest deduction BIG Bill
The "One Big Beautiful Bill Act," proposed by House and Senate Republicans, includes a temporary tax break for car loan interest, allowing taxpayers to deduct up to $10,000 annually from their taxable income. This deduction, applicable to loans secured after December 31, 2024, on vehicles with final assembly in the U.S., aims to promote purchases of American-made vehicles. The deduction is designed to be temporary, ending after 2028.

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