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Chattyme
Level 5
Jan 24, 2026 4:02 PM UTC
Question

car purchase

are we allowed to deduct for used car purchase? If so, where would that be entered?

    2 replies

    Level 15
    xmasbaby0Level 15
    Level 15
    Jan 24, 2026 4:04 PM UTC

    No, there is no deduction for purchasing a used car.

    **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.**
    DoninGA
    Level 15
    DoninGALevel 15
    Level 15
    Jan 24, 2026 4:04 PM UTC

    The purchase of a personal vehicle, not used in a business, is not deductible on a federal tax return.

     

    Interest payments on a vehicle loan are deductible if the you purchased a New car in 2025.

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