Does your car qualify for up to a $10,000 tax deduction? It might

The "Big Beautiful Bill" that passed last year made a lot of tax changes in relation to car purchases that consumers who qualify could take advantage of if they buy certain vehicles assembled in the United States.

The bill removed the federal tax credit of up to $7,500 on the purchase of qualifying electric vehicles, but in its place is a new deduction that allows taxpayers to claim up to $10,000 a year on interest paid on loans to buy a new American-made car purchased between Jan. 1, 2025 and Dec. 31, 2028...