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If you purchased a new vehicle in 2025 -
To enter Car Loan Interest -
Click on Federal Taxes (Personal using Home & Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Cars and Other Things You Own
On Car Loan Interest, click on the start or update button
To enter the interest paid on a new vehicle loan, navigate to the Car Loan Interest screen in TurboTax.
Federal > Deductions & Credits > Add more deductions > Cars and Other Things You Own > Car Loan Interest
To qualify for the car loan interest deduction, your vehicle must meet all of these requirements:
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