{"abstract":"This document contains proposed regulations regarding the deduction for certain taxpayers for an amount up to $10,000 of qualified passenger vehicle loan interest. This document also contains proposed regulations regarding new information reporting requirements for certain persons who, in a trade or business, receive from any individual interest aggregating $600 or more for any calendar year on a specified passenger vehicle loan, including applicable penalties for failures to file information returns or furnish payee statements as required. The proposed regulations would affect taxpayers that may deduct qualified passenger vehicle loan interest, and also persons subject to these information reporting requirements. This document also provides notice of a public hearing on these proposed regulations.","action":"Notice of proposed rulemaking and notice of public hearing.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2026/01/02/2025-24154.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26},{"chapter":null,"citation_url":null,"part":301,"title":26}],"citation":"91 FR 67","comment_url":null,"comments_close_on":"2026-02-02","correction_of":null,"corrections":[],"dates":"Written or electronic comments must be received by February 2, 2026. The public hearing is being held on February 24, 2026, at 10 a.m. ET. Requests to speak and outlines of topics to be discussed at the public hearing must be received by February 2, 2026. If no outlines are received by February 2, 2026, the public hearing will be cancelled. Requests to attend the public hearing must be received by 5 p.m. ET on February 20, 2026.","disposition_notes":null,"docket_ids":["REG-113515-25"],"dockets":[{"supporting_documents":[{"title":"Public Hearing Agenda (REG-113515-25)","document_id":"IRS-2026-0001-0062"}],"agency_name":"IRS","documents":[{"comment_count":62,"comment_start_date":"2026-01-02","updated_at":"2026-02-28T00:56:12.681-05:00","comment_url":"https://www.regulations.gov/commenton/IRS-2026-0001-0001","allow_late_comments":false,"id":"IRS-2026-0001-0001","comment_end_date":"2026-02-03","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":1,"id":"IRS-2026-0001","title":"Car Loan Interest Deduction (REG-113515-25)"}],"document_number":"2025-24154","effective_on":null,"end_page":93,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2026/01/02/2025-24154.xml","html_url":"https://www.federalregister.gov/documents/2026/01/02/2025-24154/car-loan-interest-deduction","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2025-24154?publication_date=2026-01-02","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2026-01-02/2025-24154/mods.xml","not_received_for_publication":null,"page_length":27,"page_views":{"count":73482,"last_updated":"2026-04-04 04:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-01-02/pdf/2025-24154.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-24154.pdf?1767188710","publication_date":"2026-01-02","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2026/01/02/2025-24154.txt","regulation_id_number_info":{"1545-BR75":null},"regulation_id_numbers":["1545-BR75"],"regulations_dot_gov_info":{"supporting_documents":[{"title":"Public Hearing Agenda (REG-113515-25)","document_id":"IRS-2026-0001-0062"}],"comments_count":62,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2026-0001","supporting_documents_count":1,"docket_id":"IRS-2026-0001","document_id":"IRS-2026-0001-0001","regulation_id_number":"1545-BR75","title":"Car Loan Interest Deduction (REG-113515-25)","checked_regulationsdotgov_at":"2026-03-01T09:55:02Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":67,"subtype":null,"title":"Car Loan Interest Deduction","toc_doc":"Car Loan Interest Deduction","toc_subject":null,"topics":["Employment taxes","Excise taxes","Income taxes","Penalties","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":91}