Is interest from car loans deductible?

I have 2 car loans. Is the interest paid deductible?

posted

Connect with an expert

2 Replies

Is interest from car loans deductible?

If this is your personal vehicle (not a business vehicle), the loan interest is NOT deductible.

Is interest from car loans deductible?

What if it is a personal car that is also used as part of your work/business? for example, driving to clients and mandatory work meetings on a regular basis?

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post