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Best answer by Vanessa11_2

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

3 replies

Level 13
June 5, 2019

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

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Level 2
April 11, 2020

Wheee on turbot tax can i add my car payments? 

JohnB5677
Level 15
April 12, 2020

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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