Topic: tax deduction for new bike loan (Read 173 times)

r0de_runr · « **on:** February 14, 2026, 06:24:07 PM »

The Benefit: You can deduct up to $10,000 of the interest you paid on a qualifying car or motorcycle loan during the year. Itemizing Not Required: You can take this deduction even if you take the Standard Deduction. You don't have to itemize your other expenses to get this break.
The Timeframe: It applies to interest paid on loans for new vehicles purchased between January 1, 2025, and December 31, 2028.

Author Topic: tax deduction for new bike loan (Read 173 times)

r0de_runr

tax deduction for new bike loan