This year, your auto loan could net you a tax break. A new “above-the-line” deduction, passed into law under the One Big Beautiful Bill Act (OBBBA), allows Americans to write off up to $10,000 in loan interest on qualified vehicles in tax years 2025 through 2028.

U.S. Rep. Mike Kelly tried to put a positive spin on Trump’s Reconciliation Bill in his op-ed “One Big Beautiful Bill a gamechanger for Western Pa.” (July 5, TribLive). I think Americans know this bill will take revenue from the average American and redistribute it upwards.