How is the 2026 Auto Loan Interest Deduction input into TurboTax...?

A-ZALOCKI — Tue, 10 Feb 2026 20:57:37 GMT

Where do I input the auto loan interest deduction?

Re: How is the 2026 Auto Loan Interest Deduction input into TurboTax...?

xmasbaby0 — Tue, 10 Feb 2026 20:59:02 GMT

CAR LOAN INTEREST

Go to Federal>Deductions and Credits>Cars and Other Things You Own>Car Loan Interest

The amount will go on Schedule 1a and end up on Form 1040 on line 13b

Re: How is the 2026 Auto Loan Interest Deduction input into TurboTax...?

A-ZALOCKI — Tue, 10 Feb 2026 21:37:18 GMT

Many thanks for your help my friend...:)

Re: How is the 2026 Auto Loan Interest Deduction input into TurboTax...?

LindaS5247 — Tue, 10 Feb 2026 21:41:35 GMT

As xmasbaby0 mentions above, you would enter your car loan interest when inputting your Federal return information under "Deductions & Credits" and then "Cars and Other things you own" and then "Car Loan interest."

You can deduct up to $10,000 of interest paid on loans for new vehicles that you bought between 2025 and 2028.

You will be able to deduct the entire $10,000 if your income is under $100,000 (or $200,000 if Married Filing Jointly).

The deduction is available even if you don't itemize your deductions.

To qualify for this car loan interest deduction, the following requirements must be met:

The vehicle must be a new car, minivan, van, SUV, pickup truck, or motorcycle with a gross vehicle weight rating (GVWR) of less than 14,000 pounds
The vehicle must be assembled in the U.S.
The vehicle must be driven mostly for personal reasons
The vehicle must be built primarily for use on public streets, roads, and highways

Click here for What is the vehicle loan interest deduction?

Click here for IRS Rules for the One Big Beautiful Bill Car Loan Interest Deduction: What You Need to Know.

If you have additional information or questions regarding this, please return to Community and we would be glad to help.

topic How is the 2026 Auto Loan Interest Deduction input into TurboTax...? in Deductions & credits

How is the 2026 Auto Loan Interest Deduction input into TurboTax...?

Re: How is the 2026 Auto Loan Interest Deduction input into TurboTax...?

Re: How is the 2026 Auto Loan Interest Deduction input into TurboTax...?

Re: How is the 2026 Auto Loan Interest Deduction input into TurboTax...?

Click here for What is the vehicle loan interest deduction?