• videocam Live Webinar with Live Q&A
  • calendar_month August 24, 2026 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparation - Individual
  • schedule 110 minutes

Maximizing Tax Deductions for Vehicles: New OBBBA Interest Deduction

Section 179 Elections, Lease vs. Buy Determinations, Personal Use and Lease Inclusions

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About the Course

Introduction

This webinar will provide tax advisers with a clear and comprehensive overview of the tax rules governing automobile deductions, including the new vehicle interest deduction under The One Big Beautiful Bill Act (OBBBA). Our panel of federal income tax professionals will also explore key issues that frequently create complexity for practitioners such as depreciation limits, luxury auto rules, Section 179 expensing, and bonus depreciation as they relate to cars, trucks, and SUVs.

Description

Determining which vehicles are eligible for 100% Section 179 expensing, calculating personal use of employer-provided vehicles, and analyzing whether an owner should lease or buy a business vehicle are problematic, recurring issues for tax practitioners.

Additionally, OBBBA introduced a new valuable deduction for vehicle interest. Eligible taxpayers purchasing eligible vehicles can deduct up to $10,000 of vehicle interest for the years 2025-2028. Single filers with modified adjusted gross income (MAGI) under $100,000 and married filers with MAGI under $200,000 could qualify for the full deduction. The deduction is phased out, with no benefit available when MAGI exceeds $200,000 for married filers or $250,000 for single taxpayers. 

Since most business owners use vehicles, tax practitioners need to understand how to maximize tax savings for companies and their owners, as well as the required compliance obligations related to automobiles. 

Listen as our panel of experienced tax professionals offers strategic insights into vehicle-related deductions, along with practical, scenario-based illustrations of how these rules apply to business owners and their advisers. 

Presented By

Larry Pon
CPA/PFS, CFP, EA, USTCP, AEP
Pon & Associates, CPA

Mr. Pon has been in practice since 1986 providing comprehensive accounting, tax, payroll, and business advisory services. He specializes in tax preparation, tax representation, tax planning, business planning, financial planning, and estate planning. Services include IRS and state audit representation, business startup services, and charitable planning. Mr. Pon is a frequent author and lecturer to financial and legal professionals and the public on tax and financial planning topics.

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Monday, August 24, 2026

  • schedule

    1:00 PM ET/10:00 AM PT

I.     Maximizing tax deductions for vehicles

II.     OBBBA's new vehicle interest deduction

III.     Depreciation

A.    Vehicle classifications

B.    Section 179 elections

C.   Bonus depreciation

D.   Luxury automobile rules

IV.     Lease vs. buy determinations

V.     Personal vehicle use

VI.     Standard mileage rate vs. actual expenses

VII.     Other considerations

The panel will cover these and other critical issues:

  • Eligibility and reporting the new OBBBA interest expense deduction
  • Criteria for Section 179 expensing of an automobile
  • Buying vs. leasing a business vehicle
  • Calculating personal auto use inclusions

Learning Objectives

After completing this course, you will be able to:

  • Determine which vehicles qualify for Section 179 expensing
  • Identify taxpayers eligible for the new OBBBA vehicle interest deduction
  • Ascertain when deducting actual expenses will provide a greater benefit
  • Decide when buying a vehicle is a better alternative to leasing
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of individual income taxation, including itemized deductions, individual income tax credits, net operating loss limitations including carrybacks and carryforwards.


BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .