LAS VEGAS (KTNV) — Americans purchasing new vehicles assembled in the United States can now claim a tax deduction on their auto loan interest, potentially saving thousands of dollars over the next four years.

WATCH | Understanding the tax benefit New tax deduction available for US-assembled vehicle purchases

The tax benefit, part of President Trump's budget reconciliation bill, allows buyers to deduct interest on vehicle loans for cars purchased between 2025 and 2028.

"If you buy a new vehicle assembled in the US, the interest on that car loan is tax deductible for the next 4 years. You can deduct up to if you have a loan big enough, you can deduct up to $10,000 a year off your taxes on the interest on the car loan." — Tyler Corder, CFO of Findlay Auto Group.

The deduction comes with

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