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winkstep
New Member

I bought a new SUV in 2025. Where do I enter that information in for my return?

 
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2 Replies

I bought a new SUV in 2025. Where do I enter that information in for my return?

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

LaShaunA3
Employee Tax Expert

I bought a new SUV in 2025. Where do I enter that information in for my return?

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:

 

  • You purchased it in 2025.  
  • It isn't leased.
  • It’s a brand new vehicle, not used.
  • Its final assembly was in the U.S. 
  • You are asked to check this requirement by entering your VIN and model year into the VIN decoder provided by the National Highway Traffic Safety Administration.
  • It's a car, van, SUV, motorcycle, or pickup truck that weighs less than 14,000 pounds.
  • It was purchased for personal use.
  • The interest was not paid to a family member or a business you own. 
  • Your loan must be secured by the vehicle.





    You can also see the help article below for more information on this new deduction. 


    Vehicle Loan Interest Deduction
     
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