Data / Federal rules / 2026-18219
Car Loan Interest Deduction
The Internal Revenue Service published this final rule in the Federal Register on September 8, 2026. It takes effect on November 9, 2026.
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What the agency says
This document contains final regulations regarding the deduction for certain taxpayers for an amount up to $10,000 of qualified passenger vehicle loan interest. This document also contains final 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. These regulations affect taxpayers that may deduct qualified passenger vehicle loan interest, and also persons subject to these information reporting requirements.
Key facts
- Document number
- 2026-18219
- Type
- Final rule
- Action
- Final regulations
- Agency
- Treasury Department; Internal Revenue Service
- Published
- September 8, 2026
- Takes effect
- November 9, 2026
- Dates
- Effective date: The final regulations are effective on November 9, 2026.
- Docket
- TD 10054
- 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
- 31
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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.