IRS Announces New Tax Benefits for Made-in-USA Car Buyers
TL;DR Summary
The IRS announced that new cars assembled in the US purchased from 2025 to 2028 may qualify for a tax deduction on car loan interest, contingent on final assembly location, aiming to boost domestic auto manufacturing under Trump’s policy. About 14 of the top 25 models sold in 2024 are US-assembled, with potential for millions of qualifying vehicles, though some models assembled in multiple countries may not qualify.
- New Made-in-USA Cars Qualify for Trump Tax Perk, IRS Says Yahoo Finance
- Trump Has a New Auto Loan Tax Break. Here’s Who Could Benefit. The New York Times
- IRS Rolls Out Rules For Deducting Car Loan Interest Under The New Tax Law Forbes
- Buyers of New Made-in-USA Cars Qualify Trump Tax Perk, IRS Says Bloomberg.com
- IRS issues nationwide notice: How you may be able to save $10K on 2026 taxes MassLive.com
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