Boat Loan Interest Deduction Act of 2026 allows tax deduction for interest on loans for certain watercraft.
The Boat Loan Interest Deduction Act of 2026 amends the Internal Revenue Code to include certain watercraft in the category of qualified passenger vehicles for tax deduction purposes. This means taxpayers can deduct interest paid on loans for applicable watercraft, such as recreational vessels and motorboats, provided the final assembly occurred in the United States. The changes apply to loans incurred after December 31, 2025.
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