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Trump's Car-Loan Tax Break Isn't Proving Very Popular

did:plc:kpkcscbf2zshv7shqgqn45wn April 13, 2026
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President Trump's auto-loan interest tax perk is sputtering out of the gate. The new deduction, which lets taxpayers write off up to $10,000 in car-loan interest, has been claimed by just over 1.1 million filers as of April 8—far fewer than expected and a fraction of all...

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