A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.

Summary

The bill changes the tax code so borrowers can deduct interest on loans used to purchase qualifying vehicles, including cars, SUVs, pickup trucks, motorcycles, and certain trailers or campers. The deduction applies to debt incurred after Dec. 31, 2025 and is aimed at individuals who finance these vehicles. It broadens the range of vehicle-related expenses that can be written off on federal taxes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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