Can i take the car standard deduction if I make a car payment?

killstreakman11 · ‎March 5, 2026

xmasbaby0 · ‎March 5, 2026

If you purchased a new car in 2025, the car loan interest deduction is separate from itemized deductions. It does not go on Schedule A.

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0 · ‎March 5, 2026

If you purchased a new car in 2025, the car loan interest deduction is separate from itemized deductions. It does not go on Schedule A.

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**