2026 QX60
TAX BENEFIT*
INTEREST DEDUCTION:
As of early 2026, a new federal tax deduction allows taxpayers to deduct interest paid on loans for certain U.S.-built vehicles, enacted under the One, Big, Beautiful Bill Act (OBBBA), which was signed on July 4, 2025. This provision allows for the deduction of up to $10,000 per year in interest for qualifying vehicle loans.
Key Requirements and Tax Code Details
- Vehicle Qualification: The vehicle must be new, have its final assembly in the United States, and have a gross vehicle weight rating of less than 14,000 pounds.
- Loan Date: The loan must be for the purchase of a vehicle (not a lease) and must have originated after December 31, 2024.
- Timeframe: The deduction is available for tax years 2025 through 2028.
- Usage: The vehicle must be for personal use (not business or commercial).
- Claiming: This is an "above-the-line" deduction, meaning it can be claimed even if you take the standard deduction, rather than itemizing.
*INFINITI of Clarendon Hills is not qualified to provide tax advice. Please consult your tax professional for specific details of your situation.