Taxpayers could hit a dead end with car loan interest deduction

If you think you might qualify for the car loan interest deduction, first dig out the window sticker that was on the new car you bought in 2025 — known as the Monroney label, named for Sen. Almer Stilwell “Mike” Monroney. The Oklahoma Democrat pushed for legislation to give consumers detailed upfront information via window stickers in 1958.You cannot claim the new tax deduction for car loan interest, if the new car you bought in 2025 had its final assembly outside of the United States.Many people cannot ans ...