https://ttlc.intuit.com/community/after-you-file/discussion/i-received-a-2023-loan-interest-statement-for-my-car-loan-for-the-first-time-ever-is-this-something/01/3151136#M727284 Tue, 10 Feb 2026 09:10:52 GMT msthoren 2026-02-10T09:10:52Z https://ttlc.intuit.com/community/after-you-file/discussion/i-received-a-2023-loan-interest-statement-for-my-car-loan-for-the-first-time-ever-is-this-something/01/3151136#M727284 Tue, 10 Feb 2026 09:10:52 GMT https://ttlc.intuit.com/community/after-you-file/discussion/i-received-a-2023-loan-interest-statement-for-my-car-loan-for-the-first-time-ever-is-this-something/01/3151136#M727284 msthoren 2026-02-10T09:10:52Z https://ttlc.intuit.com/community/after-you-file/discussion/re-i-received-a-2023-loan-interest-statement-for-my-car-loan-for-the-first-time-ever-is-this/01/3151210#M727288 <P>Interest on a personal car loan is never tax deductible. &nbsp; If you use the car for a self-employed business, and you use the exact expense method instead of the standard mileage method, interest is one of the deductible business expenses you can include.&nbsp;</P> Tue, 30 Jan 2024 01:01:50 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-i-received-a-2023-loan-interest-statement-for-my-car-loan-for-the-first-time-ever-is-this/01/3151210#M727288 Opus 17 2024-01-30T01:01:50Z https://ttlc.intuit.com/community/after-you-file/discussion/re-i-received-a-2023-loan-interest-statement-for-my-car-loan-for-the-first-time-ever-is-this-so/01/3151234#M727291 <P>No, that interest is not tax-deductible. &nbsp; If you used the vehicle for business purposes, you may need it, so keep it with your tax records, but you do not need to include it with your personal tax return. &nbsp;</P> Tue, 30 Jan 2024 01:08:56 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-i-received-a-2023-loan-interest-statement-for-my-car-loan-for-the-first-time-ever-is-this-so/01/3151234#M727291 DawnC 2024-01-30T01:08:56Z