FAQs
Does paying cash qualify? No—only interest on financed purchases is deductible.
Do used RVs qualify? Yes, if otherwise eligible and financed.
What about the truck that tows my trailer? Yes, tow vehicles qualify if used for towing, meet definitions, and are U.S. assembled.
Can I still use the second-home rule? Yes, if your RV has dwelling features, the loan is secured, and you itemize. This may be better for some high-AGI taxpayers.
Is the deduction permanent? No. Currently scheduled for 2025–2028 only.
References
- Congress.gov — H.R.1, One Big Beautiful Bill Act (Public Law 119-21)
- IRS — Publication 936: Home Mortgage Interest Deduction (pre-OBBBA second-home rules)
- Investopedia, AARP, Kiplinger — Consumer guides on OBBBA tax changes and retiree impacts
This paper is for educational purposes only and is not tax advice. Always confirm with current IRS guidance and state rules before filing.