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![NEWSMAX Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::20545835.png) NEWSMAX [@NEWSMAX](/creator/twitter/NEWSMAX) on x 3.4M followers
Created: 2025-07-13 13:30:01 UTC

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Trump’s new tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans.

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**Related Topics**
[home loans](/topic/home-loans)
[tax bracket](/topic/tax-bracket)

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