The new 2026 tax deductions,
calculated in seconds.
The 2025 tax law (OBBBA) created brand-new deductions for car loan interest, overtime pay, and seniors — available 2025 through 2028, even if you take the standard deduction. Check what you qualify for before filing season.
Car Loan Interest Deduction→
Up to $10,000 of interest on a new US-assembled vehicle — includes a free VIN eligibility checker.
Overtime Tax Deduction→
"No tax on overtime" — deduct up to $12,500 ($25,000 joint) of your overtime premium pay.
Senior Deduction (65+)→
The new $6,000 per-person deduction for taxpayers 65 and older, with income phase-out.
Rules sourced from the IRS (Schedule 1-A, Form 1098-VLI, W-2 Box 12 code TT). All three deductions phase out at higher incomes and are unavailable for married-filing-separately. Estimates only — not tax advice.