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New Member
posted Jun 4, 2019 10:23:35 PM

Where do i add car loan?

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1 Best answer
Level 3
Jun 4, 2019 10:23:36 PM

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

3 Replies
Level 3
Jun 4, 2019 10:23:36 PM

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

New Member
Apr 10, 2020 11:40:09 PM

Wheee on turbot tax can i add my car payments? 

Expert Alumni
Apr 12, 2020 9:59:53 AM

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.