Made in America Motors Act

This bill creates a new tax deduction for individuals who pay interest on loans for qualifying American-made vehicles. It allows a deduction of up to $2,500 per tax year for interest paid on vehicles manufactured primarily in the U.S. with final assembly completed within the country, weighing under 14,000 pounds, and having at least four wheels. The deduction applies regardless of whether the taxpayer itemizes other deductions and is available for vehicles purchased on or after January 1, 2025. It becomes effective for tax years beginning after December 31, 2025.