Federal housing law
0126 Publ 6126 (PDF)
Federal housing law as enacted — verbatim and citable.
- Edition
- 2026-10-03
- Last updated
- 2026-10-04
- Jurisdiction
- United States
Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/p6126.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).
Purchased A New Vehicle?¶
If you bought a new, personal vehicle in 2025-2028, you may be able to¶
gross vehicle weight rating of less than 14,000 pounds and has undergone final assembly in the United States.
The new deduction is available for both itemizing and non-itemizing taxpayers. The VIN must be included on the tax return for any year the deduction is claimed. The maximum annual deduction is $10,000 and phases out for taxpayers with modified adjusted gross income over $100,000 ( $200,000 for joint filers).
To qualify for the deduction, the interest must be paid on a loan for a vehicle that is new, for personal use and purchased after December 31, 2024 . If a qualifying vehicle loan is later refinanced, interest paid on the refinanced amount is generally eligible for the deduction. For more information and additional requirements, refer to the One, Big, Beautiful Bill provisions page on IRS.gov.
Publication 6126 (1-2026) Catalog Number 96044A Department of the Treasury Internal Revenue Service www.irs.gov