10k Tax Deduction
Get a Tax Deduction of up to $10,000
Annual Interest Paid for USA-Built Vehicles
If you recently purchased a Toyota vehicle, you may be eligible for up to $10,000 in annual tax deductions.
Disclaimer: The following is for informational purposes only. Please consult with a tax professional.
Key Points:
- • The One Big Beautiful Bill (OBBB) allows car buyers to deduct up to $10,000 in loan interest paid annually
- • Only U.S. assembled cars are eligible for the program
- • Applies to interest paid in tax years 2025 – 2028
How do I know if my Toyota was built in America?
The vehicle identification number (VIN) indicates where the vehicle was built. If your VIN starts with a 1, 4, 5, or 7, then it was assembled in the United States.
You can find the VIN printed at the base of the windshield on the driver's side. The VIN can also be found on your auto insurance card and on the vehicle registration.
If you want to find the exact location where your vehicle was assembled, you can use the VIN Decoder tool provided by the NHTSA.
Toyota Models Built in the U.S.
Camry
Corolla
Highlander
Sienna
Sequoia
Tundra
Please check your VIN to verify the country of origin.
Frequently Asked Questions
What are the income limits?
Do the deductions apply to vehicles used for business / commercial purposes?
Do used vehicles qualify?
Do lease payments qualify?
How Can I Help?