Filing your taxes next April means deducting thousands in loan interest from your new Chevrolet vehicle purchase. The One Big Beautiful Bill Act (OBBBA) allows Pennsylvania drivers financing qualifying vehicles between 2025 and 2028 to claim up to $10,000 annually in interest deductions. Reedman Toll Chevrolet Springfield helps you understand which models qualify and how this transforms your budget.
How the OBBBA Deduction Works
Your new Chevrolet vehicle qualifies when its Vehicle Identification Number (VIN) starts with 1, 4, or 5, confirming final assembly in the United States. This above-the-line deduction requires no itemizing, simplifying tax filing while maximizing savings. Full deductions apply for single filers earning up to $100,000 and joint filers up to $200,000. Only new vehicles purchased for personal use with first-lien loans qualify. This excludes leased vehicles, used cars, and commercial vehicles.
Chevrolet Models with Final Assembly in the USA
Seven Chevrolet models meet the requirements. The Chevrolet Colorado is built in Wentzville, Missouri, while the Chevrolet Corvette is assembled in Bowling Green, Kentucky. The Chevrolet Silverado 1500 and Chevrolet Silverado 2500 are produced across Michigan, Ohio, and Indiana plants. The all-electric Chevrolet Silverado EV rolls off Detroit assembly lines, delivering instant torque and zero-emissions capability. Full-size SUV buyers choosing a new Chevrolet vehicle benefit from the Chevrolet Tahoe and Chevrolet Suburban, both assembled in Arlington, Texas, and the Chevrolet Traverse, built in Lansing, Michigan.
Experience Tax Savings at Reedman Toll Chevrolet Springfield
Our finance specialists at Reedman Toll Chevrolet of Springfield help Pennsylvania drivers navigate OBBBA requirements and maximize available deductions. Contact our team to explore qualifying new Chevrolet vehicle inventory and discuss financing options that position you for substantial tax savings through 2028.
