Agency Information Collection Activities; Comment Request on Vehicle Loan Interest Statement
Published Date: 11/26/2025
Notice
Summary
The IRS wants your thoughts on a form that shows how much interest you paid on a vehicle loan. This affects anyone who borrows money to buy a car and needs to report interest for taxes. You’ve got until January 26, 2026, to share your ideas—no cost changes yet, just making sure the form is clear and easy to use.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Reporting burden on vehicle loan holders
Businesses or other for-profit organizations that receive interest on specified passenger vehicle loans must file information returns to the IRS and furnish Form 1098-VLI to payers. The notice estimates 8,000,000 responses, about 15 minutes per response, totaling 2,000,000 annual burden hours and identifies this as a revision to an approved collection (OMB No. 1545-2334).
Vehicle loan interest statements for borrowers
If you paid interest on a vehicle loan, lenders will furnish you a Form 1098-VLI under IRC section 6050AA showing interest you paid during the calendar year. The form is meant to help you report or deduct the proper amount of vehicle loan interest when filing taxes.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2025-18278 — Occupations That Customarily and Regularly Received Tips; Definition of Qualified Tips
If you earn tips at work, these new rules show which jobs count as tip-earning and explain what counts as 'qualified tips' for tax deductions. The changes apply to tips received up to December 31, 2024, helping workers and employers know exactly what tips can lower their taxes. Get ready to keep better track of your tips and maybe save some money when tax time rolls around!
2025-02251 — Administrative Requirements for an Election To Exclude Applicable Unincorporated Organizations From the Application of Subchapter K; Hearing Cancellation
If you run an unincorporated organization, new rules are coming to help you skip some tricky partnership tax laws. These changes explain how to make that election properly, so you don’t get caught in confusing tax stuff. No extra fees or deadlines yet, but keep an eye out for updates to stay ahead!
2026-10279 — Agency Information Collection Activities; Comment Request on Clean Vehicle Credits
The IRS wants your thoughts on how it collects info about clean vehicle tax credits. This affects car makers and anyone involved in clean vehicle reporting, aiming to make the process easier and clearer. Comments are due by July 21, 2026, so don’t miss your chance to help shape how these credits work and possibly save time and money.
2026-10116 — Returns Relating to Sales or Exchanges of Certain Partnership Interests
If you sell or trade certain partnership interests, especially those tied to inventory or unpaid bills, the IRS has new rules on what info must be reported. These changes kick in on May 20, 2026, and mainly affect partnerships and partners involved in these sales. The goal? Make tax reporting clearer and more accurate, so no one misses a beat or a dollar.
2026-09941 — Electronic Furnishing of Payee Statements Regarding Digital Asset Sales by Brokers; Hearing
The IRS is planning new rules that let brokers send digital asset sale statements electronically instead of on paper. This change affects brokers and anyone buying or selling digital assets, making tax reporting faster and easier. A public hearing is set for July 8, 2026, but only if people sign up by May 28, 2026, so don’t miss your chance to speak up!
2026-09916 — Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Methyl Methacrylate-ethyl Methacrylate-methacrylic Acid Copolymer in a Styrene Solution (x=75.76, y=8.46, z=1, s=168.4); Hearing
The IRS is holding a phone hearing on June 18, 2026, to decide if a special chemical called methyl methacrylate-ethyl methacrylate-methacrylic acid copolymer in a styrene solution should be added to the list of substances taxed under the Superfund program. Companies dealing with this chemical might see new tax rules if it’s added. People who want to speak at the hearing must send their topics by June 4, or the hearing will be canceled.
Previous / Next Documents
Previous: 2025-21085 — Sunshine Act Meetings
The Chemical Safety and Hazard Investigation Board (CSB) will hold four public virtual meetings between December 2025 and September 2026 to share updates on safety investigations and recommendations. These meetings are open to everyone and help the CSB stay transparent while fulfilling legal requirements. No costs or fees are involved, and you can join online for free!
Next: 2025-21092 — Agency Information Collection Activities; Comment Request on Golden Parachute Payments
The IRS wants your thoughts on how it collects info about golden parachute payments—those big payouts to certain executives when they leave a company. This review aims to make the process clearer and less of a hassle for businesses and individuals involved. If you have ideas or concerns, send them in by January 26, 2026, so the IRS can keep things fair and efficient without extra costs or delays.