# Car Loan Interest Deduction

**Action Urgency Score:** 65/100

| Field | Value |
|---|---|
| Agency | Treasury Department; Internal Revenue Service |
| Type | Final rule |
| Action | Final regulations. |
| Published | 2026-09-08 |
| Effective | 2026-11-09 |
| Significant | No |
| CFR parts | 26 CFR 1, 26 CFR 301 |
| Summary | 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 qualifie |
| Document number | 2026-18219 |

## Why this score
- Effective date within 30 days.
- Final rule.

Source: Federal Register API (Office of the Federal Register) (https://www.federalregister.gov/documents/2026/09/08/2026-18219/car-loan-interest-deduction). Last refreshed: 2026-11-04T21:40:49.974Z.
Data from the Federal Register API; the published Federal Register document is authoritative. Informational only, not legal advice.