Stephen William "Steve" Wallace (born August 18, 1987) is an American racing driver. A part-time competitor in the NASCAR Camping World Truck Series, he is the son of 1989 Winston Cup champion Rusty Wallace, the nephew of NASCAR drivers Kenny and Mike Wallace, and cousin of Chrissy Wallace.

Between 1998 and 2002, Wallace raced in INEX Bandoleros. He captured multiple series championships. Steve raced in Legends cars and late model racecars near his hometown of Mooresville, North Carolina. He won both the Summer Shootout (twice) and Winter Shootout (once) at Lowe's Motor Speedway. He also won multiple championships at Concord Motor Speedway. In December 2004, at the age of 17, he won one of the biggest short track races in the country, the Snowball Derby, in Pensacola, Florida, a race Rusty and Kenny both entered, but failed to win in their careers. Steve was also the 2004 UARA Rookie of The Year. He won the first ever late model race at Bristol Motor Speedway.

In 2005, he ran nearly the entire season in USAR Hooters Pro Cup competition. He finished with 3 Top 10 finishes and qualified for the post-season championship series. A day after Steve turned 18, he became the youngest winner at a Michigan International Speedway event in an ARCA race while driving a Penske Racing Dodge. He raced in ARCA with several other teams that season. He also finished 15th in his first NASCAR Nationwide Series race at Memphis Motorsports Park (after starting 11th). Wallace became part of the Dodge factory driver development program.

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