New Made-in-USA Cars Qualify for Trump Tax Perk, IRS Says

Taxpayers who bought a new car in 2025 may qualify for a new tax break in the upcoming filing season — so long as that vehicle was made in the US, the Internal Revenue Service said.

Taxpayers should check the vehicle information label, or VIN, to figure out whether a car they purchased this year qualifies for President Donald Trump’s new tax deduction for car loan interest, the IRS said in guidance about the tax break published on Wednesday.

The tax deduction applies to new cars assembled in the US purchased from 2025 through the end of 2028. The ...