Valeriya Avdeev

For many individuals, donating to an alma mater is a point of pride and a valued tradition, often accompanied by a welcome tax deduction. However, recent developments from Washington D.C. could place that deduction at risk.

The OBBBA creates a notable exception for a limited period, allowing taxpayers to claim a deduction for interest paid on loans used to acquire a new, U.S.-assembled passenger vehicle for personal use.