New Car Loan Interest Deduction for American-Assembled Vehicles

New above-the-line deduction up to $10,000 for interest on loans for American-assembled vehicles, effective 2025-2028. Phase-out at $100k/$200k MAGI. Claimed on Schedule 1-A with VIN. Available even to standard deduction filers. Retirees should beware phase-out if doing Roth conversions or taking RMDs. This is a deduction, not a credit. New standalone article provides detailed examples and reporting mechanics.