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winniehippo
New Member

Is Car Loan Interest Tax Deductible?

 
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Marketstar
Level 7

Is Car Loan Interest Tax Deductible?

Car loan interest would be deductible if the vehicle was used for self employment, or in the service of an employer, but it is not deductible for personal use.

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1 Reply
Marketstar
Level 7

Is Car Loan Interest Tax Deductible?

Car loan interest would be deductible if the vehicle was used for self employment, or in the service of an employer, but it is not deductible for personal use.

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