Amy Scott

Because I can write off the interest.

Because I can write off the interest.

In fact, that's exactly the conversation accountant Johan Garcia has had with three of his clients.

In fact, that's exactly the conversation accountant Johan Garcia has had with three of his clients.

Garcia owns the Miami-based firm JGCPA and Advisory.

Garcia owns the Miami-based firm JGCPA and Advisory.

Garcia says one of his clients did change plans after considering the deduction.

Garcia says one of his clients did change plans after considering the deduction.

The monthly payment, it was going to be similar whether they leased it or they purchased it, and they decided to purchase it.

The monthly payment, it was going to be similar whether they leased it or they purchased it, and they decided to purchase it.

Great, but still not exactly a big shift in consumer behavior.

Great, but still not exactly a big shift in consumer behavior.

And that's because for most people, the savings from the deduction will be relatively modest.

And that's because for most people, the savings from the deduction will be relatively modest.

Andrew Lautz is director of tax policy at the Bipartisan Policy Center.

Andrew Lautz is director of tax policy at the Bipartisan Policy Center.

And topping out at around $700 for those in the middle.

And topping out at around $700 for those in the middle.

The deduction phases out for single taxpayers making more than $100,000 a year and $200,000 for joint filers.

The deduction phases out for single taxpayers making more than $100,000 a year and $200,000 for joint filers.