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New Member
posted Jun 7, 2019 3:01:57 PM

Is Car Loan Interest Tax Deductible?

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1 Best answer
Level 7
Jun 7, 2019 3:01:59 PM

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.

1 Replies
Level 7
Jun 7, 2019 3:01:59 PM

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.