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Level 5
January 24, 2026
Question

car purchase

  • January 24, 2026
  • 2 replies
  • 43 views

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

    2 replies

    Level 15
    January 24, 2026

    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
    Level 15
    January 24, 2026

    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.