Honda Accord Loan Interest Deduction Calculator
For sensible sedans financed sensibly.
The short answer: At the numbers below, the deduction is $2,100 — $252 back at 12% ($10 per paycheck).
New, US-assembled vehicle only
Modified Adjusted Gross Income
Car Loan Interest Deduction
$2,100
✅ You qualify for the full deduction
⚠️ This calculator provides estimates for informational and educational purposes only. It is not tax advice. Results are based on the One Big Beautiful Bill Act (OBBBA) and IRS Schedule 1-A. Consult a qualified tax professional for your specific situation.
Sedan Loans Deduct Too
The deduction doesn't care about body style — Accord interest deducts like truck interest.
- • Interest to $10,000 deductible
- • Hybrid or gas — same rule
- • Honda Financial or credit union — same rule
Worked Example
Single buyer, $2,100 of interest.
- • Deduction $2,100; $252 at 12%
Keep Reading
Frequently Asked Questions
Can I deduct Accord loan interest under the OBBBA?
Yes — any qualified vehicle loan's interest, up to $10,000, MAGI phase-out applies.
Hybrid version — same treatment?
Yes. The deduction follows the loan, not the powertrain.