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Chattyme
Level 4

car purchase

are we allowed to deduct for used car purchase? If so, where would that be entered?

posted
a week ago
last updated ‎January 24, 2026 8:02 AM
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xmasbaby0
Level 15
Level 15

car purchase

No, there is no deduction for purchasing a used car.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
a week ago
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DoninGA
Level 15
Level 15

car purchase

The purchase of a personal vehicle, not used in a business, is not deductible on a federal tax return.

 

Interest payments on a vehicle loan are deductible if the you purchased a New car in 2025.

a week ago
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