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YOU MAY BE ELIGIBLE FOR A TAX DEDUCTION FOR UP TO $10,000
IN ANNUAL INTEREST PAID1 ON CERTAIN CHEVROLET VEHICLES

WHAT THE ONE BIG BEAUTIFUL BILL MEANS FOR VEHICLE BUYERS


This Act is all about rewarding the purchase of a U.S. Assembled vehicle, by allowing eligible purchasers to deduct the interest paid on your loan — without compromising on what matters most to you.​

The One Big Beautiful Bill is a new federal law aimed, in part, at incentivizing the purchase of eligible vehicles assembled1 in the U.S. by qualified purchasers.

HERE’S WHAT IT COULD MEAN FOR YOU - MORE VALUE

New incentives could provide tax savings on interest payments made on eligible auto loans for qualified buyers, making it more affordable to get into eligible cars, trucks, or SUVs assembled in the US.

FAQs

WHAT IS THE PROGRAM

- PROVIDES A TAX DEDUCTION FOR UP TO $10,000 IN ANNUAL INTEREST PAID ON LOANS TO ACQUIRE U.S. ASSEMBLED QUALIFYING VEHICLES FOR ELIGIBLE CONSUMERS

- APPLIES WHETHER AN INDIVIDUAL ITEMIZES DEDUCTIONS OR TAKES THE STANDARD DEDUCTION

- Consult your tax, legal, or accounting professional if you have questions. This information does not constitute tax, accounting, or legal advice.

WHO QUALIFIES

- INCOME LIMITS:  BENEFIT BEGINS TO PHASE OUT FOR CUSTOMERS WITH MODIFIED ADJUSTED GROSS INCOME IN EXCESS OF $100K (SINGLE) OR $200K (MARRIED FILING A JOINT RETURN).

WHAT LOAN TYPES ARE ELIGIBLE

- INDIVIDUALS FINANCING ONLY – NOT APPLICABLE TO COMMERCIAL/FLEET PURCHASES & NO LEASE BENEFIT

DO I HAVE TO BUY BY A CERTAIN DATE

- ONLY APPLIES TO INTEREST PAID IN TAX YEARS 2025-2028

- MUST BE NEW DEBT CONTRACTED AFTER 12/31/2024, EXCLUDES REFINANCING OF DEBT INCURRED PRIOR TO 12/31/2024

WHAT VEHICLES ARE ELIGIBLE

- MUST BE ASSEMBLED IN THE U.S.

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1. Available for eligible individual buyers on new qualifying vehicles assembled in the US. Only applies to interest paid in tax years 2025-2028 on new debt contracted after 12/31/2024. Tax deduction subject to change and filing requirements. Income restrictions and other restrictions and limitations may apply. Consult your tax, legal, or accounting professional if you have questions. This information does not constitute tax, accounting, or legal advice. Deduction subject to federal laws and regulations and manufacturing constraints.
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16666 S Highland Ave
Fontana, CA 92336
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