This bill proposes to amend the Internal Revenue Code of 1986 by establishing a new tax deduction for qualified automobile interest . This deduction would apply to interest paid or accrued on loans taken out to purchase a vehicle, provided the indebtedness was incurred on or after January 1, 2025, and is secured by the automobile. To qualify, the automobile must be one whose final assembly occurs within the United States . For taxpayers other than corporations, this deduction would be an "above-the-line" deduction, reducing their adjusted gross income. The provisions of this Act will apply to interest paid or accrued on qualifying indebtedness incurred on or after the date of its enactment.