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Level 13
Jun 5, 2019 5:23 AM UTC

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

Level 13
Jun 5, 2019 5:23 AM UTC

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"
Level 2
Apr 11, 2020 6:40 AM UTC

Wheee on turbot tax can i add my car payments? 

JohnB5677
Alumni - Intuit
Apr 12, 2020 4:59 PM UTC

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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