turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I purchased a 2026 vehicle in 2025. Can that be deducted in my taxes for 2025

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

If I purchased a 2026 vehicle in 2025. Can that be deducted in my taxes for 2025

Any vehicle for personal use, by itself, is not a tax deduction.

 

There is a tax credit for certain clean vehicles (electric vehicles) if purchased before Sept 30,2025.  The vehicle and manufacturer must meet certain qualifications.  There is an interview for this on the Deductions and Credits page.

https://www.irs.gov/clean-vehicle-tax-credits

 

There is a tax deduction for the interest on car loans for cars purchased new in 2025, if the vehicle had its final assembly in the US.  It just has to be purchased new, it does not only include 2025 model year as long as it is purchased new.  The entire car is not deductible, just interest on a loan, and only if the vehicle was assembled in the US.  There is more information here.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/vehicle-loan-inte...

View solution in original post

1 Reply
Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

If I purchased a 2026 vehicle in 2025. Can that be deducted in my taxes for 2025

Any vehicle for personal use, by itself, is not a tax deduction.

 

There is a tax credit for certain clean vehicles (electric vehicles) if purchased before Sept 30,2025.  The vehicle and manufacturer must meet certain qualifications.  There is an interview for this on the Deductions and Credits page.

https://www.irs.gov/clean-vehicle-tax-credits

 

There is a tax deduction for the interest on car loans for cars purchased new in 2025, if the vehicle had its final assembly in the US.  It just has to be purchased new, it does not only include 2025 model year as long as it is purchased new.  The entire car is not deductible, just interest on a loan, and only if the vehicle was assembled in the US.  There is more information here.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/vehicle-loan-inte...

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question