PODCAST:
Feb. 18, 2026 ~ As Congresswoman Lisa McClain spends the day visiting her district, she joins Kevin Dietz to share an update on the government shutdown and the ability to deduct car loan interest from taxes this year.
WASHINGTON D.C. ~ As part of the “Big Beautiful Bill” passed last year, taxpayers may be able to deduct up to $10,000 annually in interest on auto loans if they purchased a U.S.-made vehicle.
“We put a lot of tax deductions in there as well and tax incentives in there for businesses to invest in their businesses, to hire more employees,” U.S. Rep. Lisa McClain (MI-9) claimed on WJR. “With the tax rebates on the auto loans, people are buying more cars, so it’s an incentive to go buy a car if you know that you get an interest deduction back. It’s a win-win for everyone.“
