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New Car in 2025? Maximize Your Tax Deduction

taxes • Published 01/28/2026

Did you purchase a car in 2025? You could be eligible for a valuable tax break, thanks to the “One Big Beautiful Bill Act” (OBBB). If you financed your vehicle…

APY = Annual Percentage Yield ▪️ APR = Annual Percentage Rate ▪️ All rates and offers are subject to change without notice. ▪️ All financing is subject to approval and is based on an evaluation of credit history, so your rate may differ. ▪️ Please consult with qualified professionals to discuss your situation. ▪️ The calculators on the TEGFCU website are provided for educational purposes and results may differ based on the terms and conditions of specific products and may not apply to you.

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