Made-in-USA Cars Granted Trump Tax Break in IRS Deduction Guidance

A deduction of up to $10,000 is available for vehicles that undergo final assembly in the United States.

The Internal Revenue Service building in Washington on March 25, 2024. Madalina Vasiliu/The Epoch Times

The IRS and the Department of the Treasury issued guidance on Dec. 31, 2025, regarding the deduction for car loan interest payments made by taxpayers.

According to a statement from the IRS, the One Big Beautiful Bill Act, signed into law by President Donald Trump in July, includes a provision regarding auto loan interest paid by car owners.