Andy Mohr Ford

Saved
Call 317-707-4180 Directions
10k Tax Deduction 10k Tax Deduction

New Tax Breaks on New Ford Vehicles

Made in America

A new federal tax deduction* lets qualifying customers deduct up to $10,000 annually on interest paid for new vehicles. Many Ford models are proudly assembled right here in the U.S.**, such as the F-150, Bronco, Escape, Explorer, Mustang, and Ranger, making them eligible for this tax break. That means you can drive a quality new Ford and keep more of your hard-earned money. It's a win for your wallet, and a win for America.

Shop Inventory Contact Us
 

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. may qualify for this tax deduction.
  • Ford vehicles assembled in the United States include the F-150, Ranger, Bronco, Mustang, Explorer, and Escape.
  • This deduction is for financing personal vehicles only. It doesn't apply to business or fleet purchases, and leases are not included.

*Deduction is available for eligible buyers who finance a new vehicle assembled in the U.S. Vehicle must be purchased for personal use. Lease vehicles and vehicles used for business or commercial use are not eligible. Deduction is available for tax years 2025 through 2028, for interest paid on new vehicles financed after December 31, 2024. Deduction begins to phase out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers). The amount of your tax savings will depend on your individual tax circumstances. Please consult with your own tax or legal professional to determine your individual eligibility. This information does not constitute tax or legal advice. For additional information, go to the https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors website.

**Assembled in the USA with domestic and foreign parts.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.

*All content, images, and data displayed on this website are the exclusive property of the dealer or its licensors, and are protected by applicable copyright and other intellectual property laws. Unauthorized use, including but not limited to data scraping, automated data collection, or programmatic extraction of any material from this website, is strictly prohibited. Any such activity may result in legal action. By accessing this website, you agree not to copy, reproduce, distribute, or otherwise exploit any content without the express written permission of the dealer.