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miriam2254
New Member

Where do i add car loan?

 
1 Best answer

Accepted Solutions
Vanessa
Level 3

Where do i add car loan?

A car loan is not tax deductible, it is considered a personal expense and personal expenses are not deductible. 

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3 Replies
Vanessa
Level 3

Where do i add car loan?

A car loan is not tax deductible, it is considered a personal expense and personal expenses are not deductible. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Lolo08162000
New Member

Where do i add car loan?

Wheee on turbot tax can i add my car payments? 

JohnB5677
Employee Tax Expert

Where do i add car loan?

Car loans and car loan interest are not deductible.  However, you will automatically get a $12,200 Standard deduction for a single person that will offset that itemized deduction.

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