• Provides a tax deduction for up to $10,000 in annual interest paid on loans to acquire U.S. assembled qualifying vehicles for eligible consumers
• Applies whether an individual itemizes deductions or takes the standard deduction
• Consult your tax, legal, or accounting professional if you have questions. This information does not constitute tax, accounting, or legal advice.

Income Limits: $100K single ($200K married filing a joint return) — Phase out for next $50K and is fully-phased out for taxpayers with modified adjusted gross income in excess of $150K ($250K married filing a joint return)

Individuals financing only — not applicable to commercial/fleet purchases & no lease benefit

• Only applies to interest paid in tax years 2025-2028
• Must be new debt contracted after 12/31/2024, excludes refinancing of debt incurred prior to 12/31/2024

Must be assembled in the U.S.