Dwight Ford Federal Tax Deductions
New Tax Deductions on New Ford Vehicles
Saving money is easy when you shop at Dwight Ford. We offer a vast selection of new Ford cars, trucks, and SUVs that are designed to elevate every aspect of your journey. Now, more than ever, you should be excited about purchasing your next new Ford because of the great tax deductions you can receive on interest payments.
You work hard for your money. Let the team at Dwight Ford help you keep as much of it in your pockets as possible.
Important Things to Consider
What is the new car tax deduction?
It's a new program that began on July 4, 2025, and runs through 2028, allowing drivers to qualify for deductions on the interest of up to $10,000 when they purchase a new vehicle.
What are the income limits?
This program has limits for individuals earning over $100,000 and married couples filing jointly earning over $200,000.
What kind of auto debt qualifies?
The vehicle you purchase must be for personal use. Vehicles purchased for business or commercial use don't qualify. Leases do not qualify. Used vehicles do not qualify.
When must a vehicle have been purchased?
Vehicles purchased after December 31, 2024, can qualify for this program.
Which Ford models qualify?
To qualify for this program, the vehicle must have undergone final assembly within the United States. Fortunately, many of our Ford models meet this criterion. Contact the team at Dwight Ford to examine your options.
Can Dwight Ford help me with the tax deductions?
Our knowledgeable and caring staff are happy to help you find the perfect vehicle for your daily needs. It's best to consult a tax professional for assistance with filing for the tax deductions.
FAQs
- PROVIDES A TAX DEDUCTION FOR UP TO $10,000 IN ANNUAL INTEREST PAID ON LOANS TO ACQUIRE U.S. ASSEMBLED QUALIFYING VEHICLES FOR ELIGIBLE CONSUMERS
- APPLIES WHETHER AN INDIVIDUAL ITEMIZES DEDUCTIONS OR TAKES THE STANDARD DEDUCTION
- CONSULT YOUR TAX, LEGAL, OR ACCOUNTING PROFESSIONAL IF YOU HAVE QUESTIONS. THIS INFORMATION DOES NOT CONSTITUTE TAX, ACCOUNTING, OR LEGAL ADVICE.
INCOME LIMITS: $100K SINGLE ($200K MARRIED FILING A JOINT RETURN) – PHASE OUT FOR NEXT $50K AND IS FULLY-PHASED OUT FOR TAXPAYERS WITH MODIFIED ADJUSTED GROSS INCOME IN EXCESS OF $150K ($250K MARRIED FILING A JOINT RETURN)
INDIVIDUALS FINANCING ONLY – NOT APPLICABLE TO COMMERCIAL/FLEET PURCHASES & NO LEASE BENEFIT
- ONLY APPLIES TO INTEREST PAID IN TAX YEARS 2025-2028
- MUST BE NEW DEBT CONTRACTED AFTER 12/31/2024, EXCLUDES REFINANCING OF DEBT INCURRED PRIOR TO 12/31/2024
- MUST BE ASSEMBLED IN THE U.S.
Contact Dwight Ford to Learn More
You're in great hands when you choose the team at Dwight Ford. Let us help you experience the roads from behind your next favorite vehicle. Contact us online or call us today. We look forward to serving you.
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