Car Loan Interest Deduction
Current understanding
To be populated as evidence accumulates.
Evidence log
- 2026-09-08 — Car Loan Interest Deduction: IRS finalized rules allowing eligible taxpayers to deduct up to $10,000 of interest paid on a qualifying car loan and requiring lenders to report to the IRS any car-loan interest of $600 or more received in a year. (novelty: 3)