Auto Loan Interest & Tax Season
What You'll Need from Us
As you prepare for tax season, some members may be eligible to claim their auto loan interest for a tax deduction under the recently passed One, Big, Beautiful Bill Act. Because every tax situation is different and only certain vehicles qualify, we encourage you to consult your tax advisor or visit IRS.gov for the most accurate guidance. If you determine that your auto loan qualifies, you can find the total amount of interest you paid in 2025 in online banking or on your December statement.
Finding Your Amount of Interest Paid:
- Online Banking/Mobile App
Simply log in to your account and select your loan. Scroll to the bottom of the page, which shows your payment history, and look for Interest Paid Last Year. - December Account Statement
You can expect to receive this statement in early or mid-January, either by mail or online, based on your previously established delivery preferences. On the statement, find your loan details and look for Loan Interest Year-to-Date.
The IRS has not yet released official forms for the new deduction. As a result, there are no additional documents to expect from us this tax season. However, we’re here to help if you need assistance finding your statement or obtaining other details about your loan.
For more information about the tax deduction, visit IRS.gov.
We're here to enhance your financial well-being.
If you have a financial topic you'd like us to explore, fill out our .
