No Tax on Car Loan Interest
Claim Tax Deductions on Car Loan Interest for These Eligible New Models!
We're very excited about this new opportunity for our customers to reap savings through tax deductions on select new Dodge, Jeep and Ram models in Bryan, TX! The models listed on this page meet the published eligibility criteria by coming in under gross weight caps and have undergone final assembly in the United States.
Dodge Durango
Check out the Dodge Durango's unabashed, fun-driving muscle
in a family-friendly SUV. If you love the classics, you'll love the Durango. It
has class-leading towing capacity with the available V8 (up to 8,700 pounds
when properly equipped), and even the V6 will tow up to 6,200 pounds. Carry six
to seven people in your new Durango and hook up a trailer to bring the camper,
the boat or the ATVs for some great weekend recreation! And now you can take
advantage of a car-loan interest tax deduction on your qualifying Durango purchase
from our Brazos Valley, Texas Dodge dealership.
Jeep Grand Cherokee & Grand Cherokee L
With this new tax deduction availability, you can finally buy that Jeep Grand Cherokee you've been wanting for your growing crew! Friends, kids, cousins, dogs… everyone wants to come along! Whether you content yourself with the two-row Grand Cherokee, or opt for the three-row Grand Cherokee L, there's something for everyone with nine different Grand Cherokee trim levels! Browse our online inventory or give us a call to help you sort out all the possibilities.
Jeep Wrangler
Take on a whole new Texas lifestyle when you start planning off-road
excursions in your new Jeep Wrangler. More than just a connection to the
outdoors, Jeep Wrangler owners share a sense of community. You'll never be
alone on the road in a Wrangler. Now you can get one with tax-time savings.
Check out our Bryan-College Station new Jeep Wranglers for sale.
Jeep Gladiator
Enjoy the dual duty of Jeep capability with truck utility
when you purchase a new Jeep Gladiator from our Bryan-College Station Jeep
dealership. Not only can you enjoy that extra deduction at tax-time, but you
can have great Jeep off-road adventures in the meantime, with the ONLY pickup
truck on the planet with removable doors and roof, truly putting you out there
in nature.
Ram 1500
Now's your chance to trade in that old truck for a brand-new Ram 1500 Big Horn, Laramie, or your choice of other trims in Quad or Crew
cab. You'll love Ram 1500's superior ride quality and luxurious cabins. Rated
#1 among Full-size Pickups by Car and Driver in 2025, there's no better time to buy
than now, when you can reap the rewards at tax time through 2028!
The Rules:
Individuals may deduct interest paid on a loan used to purchase a qualified vehicle, provided the vehicle is purchased for personal use and meets other eligibility criteria. Lease payments do not qualify. Ram 1500 Classic is not eligible. Cannot be combined with any other offers. Please consult your tax professional for eligibility details.
This is a new, temporary deduction effective for 2025 through 2028.
If a qualifying vehicle loan is later refinanced, interest paid on the refinanced amount is generally eligible for the deduction.
- Maximum annual deduction is $10,000.
- Deduction phases out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers).
- The interest must be paid on a loan that is:
- originated after December 31, 2024,
- used to purchase a new vehicle,
- the original use of which starts with the taxpayer (used vehicles do not qualify),
- for a personal use vehicle (not for business or commercial use) and
- secured by a lien on the vehicle.
- Qualified vehicle: A qualified vehicle is a car, minivan, van, SUV, pick-up truck or motorcycle, with a gross vehicle weight rating of less than 14,000 pounds, and that has undergone final assembly in the United States.
- Taxpayer eligibility: Deduction is available for both itemizing and non-itemizing taxpayers.
- The taxpayer must include the Vehicle Identification Number (VIN) of the qualified vehicle on the tax return for any year in which the deduction is claimed.
- Reporting: Lenders or other recipients of qualified interest must file information returns with the IRS and furnish statements to taxpayers showing the total amount of interest received during the taxable year.
- Guidance: The IRS will provide transition relief for the tax year 2025 for interest recipients subject to the new reporting requirements.
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Lithia Chrysler Dodge Jeep Ram FIAT of Bryan College Station
301 N Earl Rudder Fwy
Bryan, TX 77802-5008
- Sales: 8664805614
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