The US IRS clarifies interest deduction rules for US-made car loans. Taxpayers who buy new cars assembled in the US between 2025 and 2028 can deduct loan interest, and car companies such as Ford, GM, Tesla, and Toyota may benefit from this.

The US IRS clarifies interest deduction rules for US-made car loans. Taxpayers who buy new cars assembled in the US between 2025 and 2028 can deduct loan interest, and car companies such as Ford, GM, Tesla, and Toyota may benefit from this.