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flag The U.S. offers up to $10,000 in tax deductions for interest on new U.S.-made vehicle loans from 2025 to 2028.

flag The U.S. government is offering a tax deduction of up to $10,000 for interest paid on auto loans for U.S.-made vehicles from 2025 to 2028, under a policy tied to President Donald Trump’s Big Beautiful Bill. flag The deduction, announced by Treasury Secretary Scott Bessent, applies to new cars, SUVs, trucks, and motorcycles under 14,000 pounds assembled in the U.S., with final assembly completed in the country. flag It is available to individuals and couples regardless of whether they itemize deductions, but phases out for single filers earning over $100,000 and joint filers over $200,000. flag The initiative aims to lower car ownership costs, boost domestic manufacturing, and support American workers. flag Final eligibility rules, including vehicle specifications and reporting procedures, are being developed by the Treasury and IRS, with guidance expected soon.

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