Construction Truck Loan Interest Deduction Calculator
For trades workers whose truck is both commute and jobsite tool.
The short answer: At the personal-share numbers below, the deduction is $3,200 — $704 back at 22% ($27 per paycheck).
New, US-assembled vehicle only
Modified Adjusted Gross Income
Car Loan Interest Deduction
$3,200
✅ 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.
The Personal/Business Split
W-2 trades workers deduct the personal-use share of truck loan interest under the OBBBA. Self-employed crews split interest between Schedule C (business) and the OBBBA deduction (personal) — no double dipping.
- • W-2 worker, personal truck → full interest deducts to $10,000
- • Self-employed, mixed use → split by business-use percentage
- • Employer mileage reimbursement doesn't reduce the deduction
Worked Example
Single W-2 construction worker, $3,200 of truck-loan interest.
- • Deduction $3,200; $704 at 22% — and OT premium deduction may stack
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Frequently Asked Questions
Can construction workers deduct truck loan interest?
Yes — the personal share of a qualified truck loan's interest, up to $10,000. Self-employed workers split business vs personal use.
What if I get paid mileage for driving to sites?
Reimbursement is separate income treatment; it doesn't block the interest deduction on your personal-use share.