01/12/2026
New Car Interest Deduction 🚗💨
Did you upgrade the team bus in 2025? Listen up! 🚐👂
If you bought a new vehicle last year, you might be sitting on a deduction you didn't even know existed. Most people think car payments are just personal bills, but if you are part of the "hustle economy"—using that car for DoorDash, ride-share, real estate, or hauling supplies for your small business—the INTEREST on that loan could be deductible! 🤯
This is where the "All-Star" difference comes in:
Standard vs. Itemized: We need to see if itemizing your deductions (including that car interest!) beats the standard deduction.
Business Use Percentage: We can’t deduct the miles you drove to Disney World, but we CAN deduct the percentage used for the hustle. 🎢 vs. 💼
Don’t let software decide this for you. It takes a human eye to see the full picture of how you use your vehicle.
You can book an in-person appointment to go over your mileage logs, or just upload your sales contract and loan info to my secure portal and let me crunch the numbers.
Let’s see if that new ride pays you back!