Does any car loan interest qualify for this or does it have to be a car bought in 2025? I have a client that has had his car since 2023. Thank you.
There are specific rules about vehicle qualification for the deduction. Perhaps you should start by becoming familiar with them Try google
and/or the form instructions
I'm feeling generous today - new car purchased in 2025 and assembled in the US and need the VIN number for the interest deduction.
Thank you. I found it out after I posted this question.
