2025 Tax Law Q&A: Expert Answers on New Tax Breaks

Sudip Sengupta

July 16, 2025

2025 Tax Law Q&A - Expert Answers on New Tax Breaks

What About Seniors & Car-Loan Deductions?

What About Seniors & Car-Loan Deductions
What About Seniors & Car-Loan Deductions

Explanation:Targeted perks for retirees and car buyers are now a thing.

Article For Seniors – How the One Big Beautiful Bill Impacts Seniors: 9 Essential Takeaways

  • “Senior Deduction” up to $6K (individual) or $12K (couple)
  • Auto‑loan interest deduction up to $10K for U.S. cars bought 2025–2028

Case study: Jane, 67, used the senior credit and saved $2,400 last April—game‑changer on her fixed income.

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