Webinar | 90-minutes | $199

The Department of the Treasury and the Internal Revenue Service at year end provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill.  The proposed regulations issued at year end relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use. This new tax benefit applies to both taxpayers who take the standard deduction and those who itemize deductions.  Learn What lenders need to know and do to report interest in this transitional period.

Highlights Include:

• Providing rules relating to new vehicles eligible for the deduction, including for determining if the final assembly of a vehicle occurred in the United States;
• Providing rules for determining which vehicle loans qualify and the amount of interest paid on a loan that may be deductible;
• Providing rules for determining if a new vehicle is purchased for personal use; and
• Identifying taxpayers who can take the deduction and clarifying the $10,000 annual deduction limit.

• Which lenders and other interest recipients are required to report and the time and manner for this reporting; and
• What information must be included on the form provided to the IRS and to taxpayers.

Who should attend?

Bank and credit union operations departments responsible for IRS Reporting

Seminar Instructor

Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of banks across the nation.  Her 40+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.  Deborah’s specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance, and Individual Retirement Accounts.

OnDemand Registration 

The cost for 90 days of unlimited access to this recording is $199.

You will receive a download link for any materials and manuals used by the instructor (digital), and a viewing link to the recordings of the class. (You will have unlimited access to the recording for 90 days.)

More Information

Please call (800) 354-3051 for additional information.