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Form 1098-VLI Reporting
Now Open for 2026 eFiling!
With the passage of the “One Big Beautiful Bill Act” (OBBBA), a new annual tax deduction of up to $10,000 is available during 2025-2028 for purchasers of new automobiles constructed in the United States. The Internal Revenue Service has therefore created Form 1098-VLI for lenders and financial institutions to report the deductible interest to taxpayers and the IRS, to be electronically filed by March 31, 2027.
Discover the Vehicle Loan Interest Advantage: a simple, turn-key solution designed by the compliance experts at 1095EZ Online to make your IRS filing requirements a breeze. Don't be tied-down to the cumbersome and complicated alternatives — solve your Form 1098-VLI Reporting needs better, faster, and for less!
Why Choose Vehicle Loan Interest
The only platform built specifically for the new auto loan interest deduction compliance requirements under the Big Beautiful Bill.
Cloud-Based Filing
Upload borrower data and generate IRS Form 1098-VLI forms instantly. Our cloud platform handles vehicle loan interest calculations and validates all required fields before submission.
Built for the Auto Loan Interest Tax Deduction
Purpose-built for Section 6050AA compliance under the One Big Beautiful Bill Act. We understand the unique requirements of the 1098 VLI vehicle loan interest reporting mandate.
Direct IRS Electronic Filing
Submit directly to the IRS IRIS platform. Your tax information reporting goes straight to the agency with real-time status updates and acceptance confirmations.
Affordable 1098-VLI Filing Services - Two Simple Options
No software purchases. No monthly subscriptions. Pay only for the Form 1098-VLI tax information reporting you need.
eFile Only
Complete your IRS auto loan interest deduction reporting requirements:
$3.00/each
Get Started- Upload borrower data and generate Form 1098-VLI
- Review, finalize, and eFile with the IRS
- $750 annual minimum
eFile + Print/Mail
Everything in eFile Only, plus:
$4.50/each
Get Started- Printed Form 1098-VLI copies mailed directly to borrowers
- Satisfy both IRS filing and borrower copy requirements
- $750 annual minimum
How It Works
Complete your auto loan interest tax deduction reporting in three simple steps:
Upload your vehicle loan data
Upload your borrower data in Excel format. Include borrower details, loan amounts, and interest paid.
Review generated Form 1098-VLI forms
Our system calculates deductible auto loan interest under Big Beautiful Bill rules.
eFile directly with the IRS
eFile directly with the IRS or add print/mail service. Your tax information reporting is complete.
Who Needs 1098-VLI Filing
If you are a lender who received $600 or more in interest on qualified passenger vehicle loans during 2025-2028, the IRS requires Form 1098-VLI reporting:
- Auto dealerships with in-house financing
- Banks and credit unions offering vehicle loans
- Auto finance companies and captive lenders
- Buy-here-pay-here dealers
- Motorcycle and RV lenders
Compliance Deadlines
The Big Beautiful Bill auto loan interest deduction has strict tax information reporting deadlines:
January 31, 2027
Furnish Form 1098-VLI copies to borrowers
March 31, 2027
File Form 1098-VLI electronically with IRS
Penalties apply
$60 to $340 per return for late or incorrect filing
Vehicle Loan Interest helps you meet all IRS Form 1098-VLI deadlines on time.
Trusted by Lenders for Tax Information Reporting
See what our clients are saying!
“I like that I don't have to figure out complex calculations. I provided all of the basic information and the Auto Loan Interest system takes care of the rest.”
Start Your Form 1098-VLI Reporting Today
Join the lenders who trust 1095EZ Online for compliance. The auto loan interest tax deduction requires accurate Form 1098-VLI filing - we make it fast and affordable.
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