Official sources

Every figure on TaxBreakChecker comes from these official pages. Last checked Oct 22, 2026.

Not tax advice. TaxBreakChecker explains the official IRS rules in plain English. It is not affiliated with the IRS or any government agency. Confirm with a tax professional or your tax software.

How we check

We read the IRS fact sheets, the Schedule 1-A form (including the draft 2026 version), and the final Treasury regulations, then write the rules in plain English. When the IRS updates a page, we update ours and the "last checked" date.

Notes: the 2026 Schedule 1-A is a draft and is not for filing. The car loan final regulations (T.D. 10054) take effect November 9, 2026.

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