S. 4653In committeeJobs & the economy
Tax deduction for vehicle loan interest would expand to RVs and campers
Data as of July 12, 2026
Loan interest on RVs, campers, and trailers bought after Dec. 31, 2025 could become tax-deductible.40-second read · 4 questions answered below
Decoded
What does this do?
This bill expands the existing tax deduction for vehicle loan interest to include RVs, campers, and trailers used as temporary living quarters for camping or recreational use, whether self-powered or towable. Qualifying vehicles must have at least two wheels, and motor vehicles must weigh less than 14,000 pounds. It applies only to loans taken out after December 31, 2025.
Who does it affect?
People who take out loans to buy RVs, campers, or towable trailers after that date, along with RV dealers, manufacturers, and lenders in the recreational vehicle industry.
Why does it matter?
The change could lower taxable income for RV buyers and may influence financing decisions in the recreational vehicle industry, without altering the deduction for other vehicle types already covered.
Where does it stand?
- Introduced
- Senate committee — You are here
- Senate vote
- House
- President's desk
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
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Official title
A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
- Introduced:
- June 2, 2026
- Latest action:
- June 2, 2026
Read twice and referred to the Committee on Finance.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.