https://ttlc.intuit.com/community/tax-credits-deductions/discussion/auto-loan-interest-deduction/01/3778989#M360667 <P>NEW CAR WAS LEASED IN 2023 AND PURCHASED OFF THE LEASE IN 2025 USING A LOAN TO FINANCE THE PURCHASE.&nbsp; PERSONAL USE ONLY. IS THE INTEREST DEDUCTIBLE?</P> Sun, 15 Feb 2026 18:20:37 GMT stevetaxprofl 2026-02-15T18:20:37Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/auto-loan-interest-deduction/01/3778989#M360667 <P>NEW CAR WAS LEASED IN 2023 AND PURCHASED OFF THE LEASE IN 2025 USING A LOAN TO FINANCE THE PURCHASE.&nbsp; PERSONAL USE ONLY. IS THE INTEREST DEDUCTIBLE?</P> Sun, 15 Feb 2026 18:20:37 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/auto-loan-interest-deduction/01/3778989#M360667 stevetaxprofl 2026-02-15T18:20:37Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-auto-loan-interest-deduction/01/3778992#M360668 <P>No, the interest is not deductible.&nbsp; You must purchase a <U><STRONG>new</STRONG></U> car in 2025 for the interest to be deductible on a federal tax return.</P> Sun, 15 Feb 2026 18:21:45 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-auto-loan-interest-deduction/01/3778992#M360668 DoninGA 2026-02-15T18:21:45Z