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Level 1
March 14, 2026
Solved

Where is the auto loan interest deduction section?

  • March 14, 2026
  • 1 reply
  • 37 views
The new One Big Beautiful Bill Act allows for interest paid on a qualifying auto loan can be deducted. I can't find that here on TurboTax.
Best answer by DoninGA

Expert Reviewed

To enter New Car Loan Interest -

Click on Federal Taxes (Personal using Home & Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Cars and Other Things You Own
On Car Loan Interest, click on the start or update button

1 reply

DoninGA
Level 15
DoninGALevel 15Answer
Level 15
March 14, 2026

Expert Reviewed

To enter New Car Loan Interest -

Click on Federal Taxes (Personal using Home & Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Cars and Other Things You Own
On Car Loan Interest, click on the start or update button