Boat Loan Interest Deduction Act of 2026 allows a 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 deduction for interest paid on loans for qualified passenger vehicles. This means taxpayers can deduct interest on loans for recreational vessels and motorboats, provided the watercraft was assembled in the United States. The changes apply to loans incurred after December 31, 2025.
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