November 3, 2025
Spoiler: Your glovebox might soon hold more tax savings than napkins and expired Chick-fil-A sauce packets.
Buckle up—because the tax world just delivered a shocker that’s actually good for once. Starting in 2025, you may be able to deduct interest on your personal car loan… even if you’re not using the car for business. Yes, really. No mileage logs, no “oops I forgot to track that trip,” and zero need to pretend your Target haul was a “business acquisition.”
It’s all part of the wonderfully named One Big Beautiful Bill Act, which sounds like Congress accidentally let a marketer write legislation—and honestly, we’re here for it.
Under the old rules, car loan interest only counted if you used your car for business or were self-employed. But the new law flips the script. In 2025 and beyond, you can deduct up to $10,000 per year in car loan interest as long as one important requirement is met…
Ford? Yep. Chevy? You’re good. Tesla? Absolutely.
If the vehicle rolled out of an American assembly plant, there’s a good chance your interest is now gold.
But here’s the kicker: the deduction is per tax return, not per car.
So even if your household has two American-built rides, you still max out at the $10K deduction.
As with all things tax-related, the IRS wants receipts. Literally. You’ll need to keep loan statements or annual interest summaries—anything that clearly shows what you paid. And don’t forget: this is a federal deduction. Your state may have other ideas.
Interest rates have been doing their best impression of an Olympic high-jump athlete these last few years. Car loans are heavier, pricier, and stickier than ever. So a deduction like this? It’s not pocket change—it’s momentum.
Which brings us to the real opportunity…
Tax laws like this aren’t just trivia—they’re strategic openings. And for campground owners, legacy-builders, and entrepreneurs who already balance a thousand moving parts, these openings matter.
This is the kind of shift Donna and the Campground Accounting team are obsessed with spotting. Her progressive, experience-driven approach is all about exploring every angle, every option, every opportunity to help you breathe life back into your business and press play on your bigger ideas.
This car-loan loophole is one tiny example of why having a team that understands both numbers and the lifestyle you live is invaluable. Campground owners don’t operate from behind a desk—they run businesses connected to adventure, exploration, and family legacies. You deserve a CPA team that matches that energy.
If you’re buying or financing a vehicle soon, ask one simple question:
“Was this car assembled in the United States?”
If the answer is yes, there may be a tax deduction riding shotgun. And if you already own a qualifying vehicle, start saving those statements now—this is the kind of tax break that’s easy to miss if no one’s watching for it.
There’s more to taxes than being on time.
And there’s more to life than business.
But when the two intersect? That’s where Campground Accounting makes sure you never miss an opportunity.
The future tax landscape just handed you an advantage—now the only question is:
Are you ready to make it work for you?
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Donna Bordeaux, CPA with Campground Accounting
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.