IRS issues nationwide notice that could help some taxpayers save $10,000 in 2026

The IRS has confirmed a new nationwide tax deduction that could save car buyers up to $10,000 in 2026. The rule covers interest on new, American-made vehicle loans. It applies even with the standard deduction. The policy runs through 2028. Eligibility details, reporting rules, and timing matter. Here’s how it works and who benefits most.