Treasury
3-MO 3.89% -3bp 6-MO 3.95% -5bp 1-YR 4.11% -5bp 2-YR 4.34% -5bp 3-YR 4.41% -4bp 5-YR 4.52% -2bp 7-YR 4.63% -3bp 10-YR 4.77% -2bp 20-YR 5.25% -2bp 30-YR 5.25% -2bp 3-MO 3.89% -3bp 6-MO 3.95% -5bp 1-YR 4.11% -5bp 2-YR 4.34% -5bp 3-YR 4.41% -4bp 5-YR 4.52% -2bp 7-YR 4.63% -3bp 10-YR 4.77% -2bp 20-YR 5.25% -2bp 30-YR 5.25% -2bp 3-MO 3.89% -3bp 6-MO 3.95% -5bp 1-YR 4.11% -5bp 2-YR 4.34% -5bp 3-YR 4.41% -4bp 5-YR 4.52% -2bp 7-YR 4.63% -3bp 10-YR 4.77% -2bp 20-YR 5.25% -2bp 30-YR 5.25% -2bp 3-MO 3.89% -3bp 6-MO 3.95% -5bp 1-YR 4.11% -5bp 2-YR 4.34% -5bp 3-YR 4.41% -4bp 5-YR 4.52% -2bp 7-YR 4.63% -3bp 10-YR 4.77% -2bp 20-YR 5.25% -2bp 30-YR 5.25% -2bp 3-MO 3.89% -3bp 6-MO 3.95% -5bp 1-YR 4.11% -5bp 2-YR 4.34% -5bp 3-YR 4.41% -4bp 5-YR 4.52% -2bp 7-YR 4.63% -3bp 10-YR 4.77% -2bp 20-YR 5.25% -2bp 30-YR 5.25% -2bp 3-MO 3.89% -3bp 6-MO 3.95% -5bp 1-YR 4.11% -5bp 2-YR 4.34% -5bp 3-YR 4.41% -4bp 5-YR 4.52% -2bp 7-YR 4.63% -3bp 10-YR 4.77% -2bp 20-YR 5.25% -2bp 30-YR 5.25% -2bp
US Treasury par yield curve · Sep 3 · Source: U.S. Treasury
Friday, September 4, 2026
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Car loan interest

IRS finalizes the $10,000 car loan interest deduction and lender reporting rules

Money & World
The Editorial Team ·
Stone columns and the Department of the Treasury name on the agency building in Washington.
Photo: Tony Webster from Portland, Oregon, United States / Wikimedia Commons (CC BY 2.0)

Treasury and the IRS finalized rules Friday for the temporary car loan interest deduction.

The deduction reaches nonitemizers.

Taxpayers may deduct up to $10,000 per federal return for interest on qualifying debt incurred after December 31, 2024. The debt must finance a new vehicle for predominantly personal use, be secured by a first lien and cover a vehicle finally assembled in the United States.

The deduction is reduced by $200 for each $1,000, or portion, of modified adjusted gross income above $100,000. The threshold is $200,000 on a joint return.

Businesses that receive at least $600 of covered interest in a year must file an information return and furnish a statement to the borrower. The deduction applies for tax years 2025 through 2028.

The document: Treasury and IRS, Car Loan Interest Deduction, TD 10054, September 4, 2026.

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