Tax Break Available on Qualifying New Honda Vehicles
Made in America
You may be eligible for a tax deduction for up to $10,000 in annual interest paid1 on qualifying new Honda models2.
This new incentive can provide tax savings on interest payments made on eligible auto loans for qualified buyers, making it more affordable to get into eligible cars, trucks, or SUVs made in America! Many Honda models are proudly assembled right here in the U.S.2, such as the Accord, Civic, CR-V, Odyssey, Passport, Pilot, and Ridgeline, making them eligible for this tax break. Contact us below for more information, or start shopping and get behind the wheel of your next new Honda.
Frequently Asked Questions
What is the Program?
- 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.
How do I Qualify?
- 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).
What Types of Loans are Eligible?
- Individuals financing only – not applicable to commercial/fleet purchases & no lease benefit.
Do I have to Buy by a Certain Date?
- 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.
What Vehicles are Eligible?
- New vehicles that are assembled in the U.S.
- Honda models assembled in the United States include the Accord, Civic, CR-V, Odyssey, Passport, Pilot, and Ridgeline.
[1] Available for eligible individual buyers on new qualifying vehicles assembled in the US. Only applies to interest paid in tax years 2025-2028 on new debt contracted after 12/31/2024. Tax deduction subject to change and filing requirements. Income restrictions and other restrictions and limitations may apply. Consult your tax, legal, or accounting professional if you have questions. This information does not constitute tax, accounting, or legal advice. Deduction subject to federal laws and regulations and manufacturing constraints. Must be assembled with U.S and globally sourced parts.
[2] Assembled in the USA with domestic and foreign parts.