topic Can I deduct loan and credit card interest, and if so, where does it get placed on the tax form? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-loan-and-credit-card-interest-and-if-so-where-does-it-get-placed-on-the-tax-form/01/3154649#M303415 Can I deduct interest payments on a loan?<BR /> Tue, 10 Feb 2026 09:02:00 GMT colleen_kjems 2026-02-10T09:02:00Z Can I deduct loan and credit card interest, and if so, where does it get placed on the tax form? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-loan-and-credit-card-interest-and-if-so-where-does-it-get-placed-on-the-tax-form/01/3154649#M303415 Can I deduct interest payments on a loan?<BR /> Tue, 10 Feb 2026 09:02:00 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-loan-and-credit-card-interest-and-if-so-where-does-it-get-placed-on-the-tax-form/01/3154649#M303415 colleen_kjems 2026-02-10T09:02:00Z Re: Can I deduct loan and credit card interest, and if so, where does it get placed on the tax form? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-deduct-loan-and-credit-card-interest-and-if-so-where-does-it-get-placed-on-the-tax-form/01/3154655#M303416 <P>No.&nbsp; &nbsp;You can deduct interest paid on a mortgage.&nbsp; &nbsp;You cannot deduct interest for car loans or credit cards.</P> <P>&nbsp;</P> <P class="p1">You posted your question from a version of online Live software.<SPAN class="Apple-converted-space">&nbsp; </SPAN>If you are really using that “Live” software you can get help from your “expert.”</P> <P class="p2">You are posting from TurboTax Live.<SPAN class="Apple-converted-space">&nbsp; </SPAN>You can arrange for the Live help you are paying the<SPAN class="s1"><STRONG><I> extra fee</I></STRONG></SPAN> for with your questions from 5 a.m. to 9 p.m. Pacific time.</P> <P class="p3"><SPAN class="s1"><A href="https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live" target="_blank">https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live</A></SPAN></P> Wed, 31 Jan 2024 03:51:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-deduct-loan-and-credit-card-interest-and-if-so-where-does-it-get-placed-on-the-tax-form/01/3154655#M303416 xmasbaby0 2024-01-31T03:51:48Z