2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Are interest payment on a car loan tax deductible?
No, it is a personal expense.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Are interest payment on a car loan tax deductible?
Generally, loans are considered personal expenses. So, the interest on car loans, credit cards, etc., is not deductible.
Still have questions?
Make a post
Or browse the Forums