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jillsb523
New Member

Where can I find how to add new vehicle interest for a vehicle purchased in 2025? I went to Federal Deductions/Credits but there's nothing here for new vehicles.

Google stated on TurboTax go to Federal Deductions/Credits, Other Deductible Expenses, then Cars & Other Things You Own, and then Car Loan Interest. Car Loan Interest does not show up on my end.
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Where can I find how to add new vehicle interest for a vehicle purchased in 2025? I went to Federal Deductions/Credits but there's nothing here for new vehicles.

CAR LOAN INTEREST

Go to Federal>Deductions and Credits>Cars and Other Things You Own>Car Loan Interest

The amount will go on Schedule 1a and end up on Form 1040 on line 13b

 

 

**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.**

Where can I find how to add new vehicle interest for a vehicle purchased in 2025? I went to Federal Deductions/Credits but there's nothing here for new vehicles.

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

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