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Where do I enter my vehicle loan interests. I am not itemizing. It is not showing up under tax breaks/deductions

 
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2 Replies

Where do I enter my vehicle loan interests. I am not itemizing. It is not showing up under tax breaks/deductions

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.**
DawnC
Expert Alumni

Where do I enter my vehicle loan interests. I am not itemizing. It is not showing up under tax breaks/deductions

Go to the Deductions & Credits section, scroll down to Cars and Other Things you Own, and then select START next to Car Loan Interest Deduction.  

 

What is the vehicle loan interest deduction?

path to vehicle loan interest.png

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