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Does the Toyota 4Runner qualify for the car loan interest deduction?
No. The Toyota 4Runner sold in the US is assembled in Tahara, Aichi, Japan, so it fails the final-assembly requirement regardless of the brand.
Not US-assembled
Check your exact vehicle
Plants change by trim and model year. Your VIN settles it in one step.
Where the Toyota 4Runner is built
| Plant | Country | Model years |
|---|---|---|
| Tahara, Aichi | Japan | 2025-2026 |
AALA MY2025: Japan.
Source: NHTSA AALA Part 583 reports, MY2025 and MY2026. Checked 2026-09-08. The AALA reports list the final assembly country, which is the test the IRS applies; plant cities come from manufacturer disclosures.
Other rules you still need to meet
Assembly is only one test. The IRS also requires all of the following.
- Up to $10,000 a year of interest on a qualifying car loan, for tax years 2025 through 2028.
- You get it whether or not you itemize. It sits on Form 1040, Schedule 1-A, Part IV, "No Tax on Car Loan Interest."
- Income limit: the deduction shrinks by $200 for every $1,000 (or part of one) of modified adjusted gross income above $100,000 single or $200,000 married filing jointly. The cut comes off your actual interest, not off the $10,000 cap, so a small loan can hit $0 well before $150,000.
- The vehicle: a car, minivan, van, SUV, pickup, or motorcycle, under 14,000 lb, bought new (you are the first owner), and finally assembled in the United States. Brand does not matter; a Honda from Ohio qualifies and a Ford from Mexico does not.
- The loan: started after December 31, 2024, secured by a first lien on the vehicle, from a lender that is not a relative or a business you own. Personal use only. Leases don't count. Refinancing a qualifying loan generally keeps it qualifying.
- Paperwork: you must enter the VIN on your return. Lenders send Form 1098-VLI if you paid $600 or more in interest.
Similar midsize SUV vehicles
- Toyota Highlander US-assembled
- Toyota Grand Highlander US-assembled
- Honda Pilot US-assembled
- Honda Passport US-assembled
- Ford Explorer US-assembled
- Ford Bronco US-assembled