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Auto loan tax deduction bill on table 

Bill could prompt additional reporting, consumer confusion 

Amanda HarrisbyAmanda Harris
April 9, 2025
in Risk Management
Reading Time: 6 mins read
0

Auto lenders may need to prepare for additional documentation requirements as a new bill aims to make auto loan interest tax deductible.  Sen. Bernie Moreno, R-Ohio, on April 1 introduced the United States Automobile Consumer Assistance and Relief Act, also known as the USA CAR Act, which seeks to make interest on auto loans for […]

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