Due to inclement weather, our Tyler branches will be closed on Saturday, January 24. We appreciate your understanding.
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United Heritage Credit Union (UHCU) proudly celebrated the Grand Opening of its Southwest Tyler branch with a ribbon cutting ceremony on January 13, 2026, marking an exciting milestone in the credit union’s continued growth in East Texas.
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Making Tax Season Easier: What Your Auto Loan Could Mean for Your Return

Beginning this tax season, individuals can begin deducting interest paid on an auto loan in 2025 through 2028. Whether you financed your car through UHCU or another financial institution, you may be eligible for tax deductions this year.

We’re committed to helping our members make confident financial decisions at every stage of ownership. If your vehicle is financed with UHCU, visit Online Banking at uhcu.org or our mobile app, navigate to the services menu option and select eStatements to view or download your most recent auto loan statement and look for year-to-date interest.


Here’s What You Need to Know Before Filing.

Your loan may be eligible for a deduction if it:
  • Was originated after December 31, 2024
  • Was used to purchase a new vehicle (one that was not previously owned)
  • Was secured by a lien on the vehicle
  • Was for a personal-use (non-business)

A qualified vehicle is a car, minivan, van, SUV, pickup truck or motorcycle that has a gross weight rating of less than 14,000 pounds and underwent final assembly in the United States. To verify the final assembly, check your vehicle label at the dealership, the vehicle identification number (VIN), or the National High Traffic Safety Administration  nhtsa.gov/vin-decoder.


Things to Consider:

  • Include the VIN on your return
  • Confirm your maximum deduction does not exceed $10,000
  • You are only required to provide a 1098 form if you paid over $600 in interest. If your interest paid is below $600 the 1098 form is not required to claim the deduction. 

Have questions about your auto loan or need help finding your loan details? Call 512.435.4444 to contact an auto loan specialist. We’re committed to making your tax season easier and helping you feel confident every step of the way.

For additional details and official guidance, visit the IRS website.


Learn More

Information in this article is general in nature and for your consideration, not as financial or tax advice. Please contact your own financial professionals regarding your specific needs before taking any action based upon this information.
Making Tax Season Easier: What Your Auto Loan Could Mean for Your Return
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