CLICar Loan Interest Deduction

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Which vehicle types qualify

The deduction covers most everyday passenger vehicles, with a weight limit and a few exclusions.

Qualifying types (manufactured primarily for public roads, under 14,000 lbs GVWR): IRSThomson Reuters

CarMinivanVanSUV Pickup truckMotorcycle

Generally do NOT qualify: RVs / campersRail vehicles Over 14,000 lbs

Do EVs qualify?

Yes — if U.S.-assembled. The deduction is fuel-type-neutral: it neither includes nor excludes by powertrain, so a new, U.S.-assembled electric vehicle under 14,000 lbs qualifies on the general definition like any other car. IRS

ATVs are uncertain — one tax-software write-up lists them, but they aren’t in the statutory vehicle list. Treat ATV eligibility as unconfirmed until final guidance.
Not tax advice. Educational information about the federal car-loan interest deduction, current as of June 2026. The IRS rules are proposed regulations and could change — verify with the IRS or a tax professional before filing.