Recreational vehicle loans have the advantage of tax deductions on its interest. That is, the interest for this loan will be deducted from the owner’s tax. This is because a RV is considered as a “dwelling unit” as per the rule IRS code section 280A(f)(1). Thus RV will be considered as a second home. For this the vehicle shall have facilities for sleeping, cooking and toilet. Most of the RV’s like motor homes, travel trailers, folding camping trailers and truck campers will have all these facilities and therefore the owners can avail this benefit apart from the enjoyment they can have from RV travel. It shall be given as security for the loan. In the case of Haberkorn v. Commissioner, 75 T.C. 259 filed on November 12 1980, the US tax court has allowed the status of RV for those vehicles have a stove and a porta-potty. Thus even the pop-up campers will be qualified as RV. Thus it can be seen that it is quite easy to avail these facilities, both RV travel and tax deductions. It is generally not possible to claim tax deductions on more than two mortgage loans. Information regarding this can be obtained from a tax consultant. This article is providing only general information and might not be accurate as the advice of a financial consultant.

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