Carl
Level 15

Retirement tax questions

Purchase of a personal vehicle gives you no tax breaks what-so-ever on the purchase price, down payment, or interest on a car loan. That's never been deductible. However, there are some "tax credits" for specific types of vehicles, such as for purchasing an electric vehicle. The program walks you through those if you tell the program (when it asks) that you purchased such a vehicle in 2018.