To enter the interest paid on a new vehicle loan, navigate to the Car Loan Interest screen in TurboTax.
Federal > Deductions & Credits > Add more deductions > Cars and Other Things You Own > Car Loan Interest
To qualify for the car loan interest deduction, your vehicle must meet all of these requirements:
- You purchased it in 2025.
- It isn't leased.
- It’s a brand new vehicle, not used.
- Its final assembly was in the U.S.
You are asked to check this requirement by entering your VIN and model year into the VIN decoder provided by the National Highway Traffic Safety Administration.
- It's a car, van, SUV, motorcycle, or pickup truck that weighs less than 14,000 pounds.
- It was purchased for personal use.
- The interest wasn't paid to a family member or a business you own.
- Your loan must be secured by the vehicle.
You can also see the help article below for more information on this new deduction.
Vehicle Loan Interest Deduction
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
