Vehicle Loan Interest

Forms and Documents

Document	Type	Status	Availability
Form 1098-VLI Vehicle Loan Interest Statement	Form	Modified	Available
ACU Letter to Treasury PRA Comment Request on Vehicle Loan Interest Statement 1.26.26.pdf	Public Comments	Uploaded 2026-03-06	Available
1545-2334 The Tax Shack Comment.pdf	Public Comments	Uploaded 2026-03-06	Available
1545-2334 - Joseph E Madden Comment.pdf	Public Comments	Uploaded 2026-03-06	Available
1545-2334 - A Plus Bookkeeping and Tax Services.pdf	Public Comments	Uploaded 2026-03-06	Available
Responses 1545-2334 Comment Matrix Rev 022526.docx	Supplementary Document	Uploaded 2026-02-25	Available
1545-2334 Supporting Statement - Form 1098-LVI MM.docx	Supporting Statement A	Uploaded 2026-03-06	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
277841	Information Returns for Vehicle Loan Interest	Form	Modified	Vehicle Loan Interest Statement
277841	Information Returns for Vehicle Loan Interest	Other-Notice	Modified

ICR Details

OMB Control No: 1545-2334	ICR Reference No: 202512-1545-001
Status: Received in OIRA	Previous ICR Reference No: 202510-1545-002
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Vehicle Loan Interest
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/31/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	04/30/2026
Responses	8,000,000	8,000,000
Time Burden (Hours)	2,000,000	2,000,000
Cost Burden (Dollars)	0	0

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Abstract: Section 70203 of the One, Big, Beautiful Bill Act (OBBBA), Public Law 119-21, amended section 163(h) and added new section 6050AA to the Internal Revenue Code (Code) . Section 163(h)(4) allows a personal deduction for qualified passenger vehicle loan interest. Section 6050AA of the Code requires any person engaged in a trade or business (recipient) who, in the course of that trade or business, receives from any individual interest aggregating $600 or more for any calendar year on a specified passenger vehicle loan, to file an information return reporting the receipt of interest and furnish a statement to the individual reflecting the same information. Sections 6050AA and 163(h)(4) apply to indebtedness incurred after December 31, 2024.

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Authorizing Statute(s): US Code: 26 USC 6050AA Name of Law: Returns relating to applicable passenger vehicle loan interest received in trade or business from in
  

Citations for New Statutory Requirements: US Code: 26 USC 6050AA Name of Law: Returns relating to applicable passenger vehicle loan interest received in trade or business from in
PL: Pub.L. 119 - 21 70203 Name of Law: One, Big, Beautiful Bill Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 54460	11/26/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 16083	03/31/2026
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Information Returns for Vehicle Loan Interest	1098-VLI	Vehicle Loan Interest Statement

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	8,000,000	8,000,000	0	0	0	0
Annual Time Burden (Hours)	2,000,000	2,000,000	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $31,464

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 03/31/2026

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