S. 4653: A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.

S. 4653 is a federal bill in the 119th Congress. Currently, federal tax rules allow people to deduct loan interest on standard passenger vehicles like cars and trucks, but exclude recreational vehicles and campers. This bill expands the tax code so that loan interest paid on recreational vehicles,… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.