are we allowed to deduct for used car purchase? If so, where would that be entered?
You'll need to sign in or create an account to connect with an expert.
No, there is no deduction for purchasing a used car.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17699883869
New Member
user17700610895
New Member
aclwaldron
New Member
woody-cornwell
New Member
abbeyfuette
New Member