Data / Federal rules / 2025-24154
Car Loan Interest Deduction
The Internal Revenue Service published this proposed rule in the Federal Register on January 2, 2026. Comments closed on February 2, 2026.
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What the agency says
This document contains proposed regulations regarding the deduction for certain taxpayers for an amount up to $10,000 of qualified passenger vehicle loan interest. This document also contains proposed regulations regarding new information reporting requirements for certain persons who, in a trade or business, receive from any individual interest aggregating $600 or more for any calendar year on a specified passenger vehicle loan, including applicable penalties for failures to file information returns or furnish payee statements as required. The proposed regulations would affect taxpayers that may deduct qualified passenger vehicle loan interest, and also persons subject to these information reporting requirements. This document also provides notice of a public hearing on these proposed regulations.
Key facts
- Document number
- 2025-24154
- Type
- Proposed rule
- Action
- Notice of proposed rulemaking and notice of public hearing
- Agency
- Treasury Department; Internal Revenue Service
- Published
- January 2, 2026
- Comments due
- February 2, 2026
- Dates
- Written or electronic comments must be received by February 2, 2026. The public hearing is being held on February 24, 2026, at 10 a.m. ET. Requests to speak and outlines of topics to be discussed at the public hearing must be received by February 2, 2026. If no outlines are received by February 2, 2026, the public hearing will be cancelled. Requests to attend the public hearing must be received by 5 p.m. ET on February 20, 2026.
- Docket
- REG-113515-25
- Regulation ID (RIN)
- 1545-BR75
- Code of Federal Regulations
- 26 CFR 1; 26 CFR 301
- Topics
- Employment taxes; Excise taxes; Income taxes; Penalties; Reporting and recordkeeping requirements
- Pages
- 27
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Everything from the Internal Revenue Service · Rules on employment taxes · Rules on excise taxes · Rules on income taxes · Published in January 2026
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.