Is there an issue with how Turbotax calculates the vehicle loan interest deduction for joint filers making between $200,000 and $250,000?

ajmcnabb1 — Mon, 16 Feb 2026 21:30:34 GMT

Re: Is there an issue with how Turbotax calculates the vehicle loan interest deduction for joint ...

JamesG1 — Tue, 17 Feb 2026 00:16:45 GMT

New tax laws let you deduct up to $10,000 of interest paid on loans for new vehicles you bought between 2025 and 2028.

You can deduct the full $10,000 if your income is under $100,000 (or $200,000 if Married Filing Jointly). If your income is higher, the amount you can deduct is less.

In TurboTax Online, the vehicle loan interest deduction is computed on IRS Schedule 1-A Part IV lines 22 through 30.

You may view the computation on IRS Schedule 1-A.

Information about the What is the vehicle loan interest deduction? may be found at this TurboTax Help.

In TurboTax Online, the vehicle loan interest deduction may be found as follows:

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Deductions and Credits.
Scroll down to Cars and Other Things You Own. Click the down arrow to the right.
Click Start/Review to the right of Car Loan Interest.

You may print or view your full tax returns prior to filing after you have paid for the software.

View the entries down the left side of the screen at Tax Tools.
Select Print Center.
Select Print, save or preview this year's return.

topic Is there an issue with how Turbotax calculates the vehicle loan interest deduction for joint filers making between $200,000 and $250,000? in Deductions & credits

Is there an issue with how Turbotax calculates the vehicle loan interest deduction for joint filers making between $200,000 and $250,000?

Re: Is there an issue with how Turbotax calculates the vehicle loan interest deduction for joint ...