HR 8672·Federal·house
To amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
In CommitteeFiled May 7, 2026
Sponsor: Rep. Yakym, Rudy [R-IN-2] (R)
Latest Action
Referred to the House Committee on Ways and Means.
May 7, 2026
Summary
The bill changes the Internal Revenue Code so that interest paid on loans for certain cars, trucks, motorcycles, and recreational trailers or campers can be deducted. It applies to loans taken out after Dec. 31, 2025 and targets owners of these vehicles who use the loans for personal or business purposes. The change aims to expand tax benefits to a broader range of vehicle owners.
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