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Auto loan payments on a personal vehicle, not used in a business, are not deductible on a federal tax return.
To enter edit or delete Personal Property Taxes -
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 Personal Property Taxes, click on the start or update button
If you qualify for the Vehicle Loan interest deduction, you can enter this information in the "Vehicle Loan Interest" section of the program.
To qualify for the car loan interest deduction, your vehicle must meet all of these requirements:
If you meet these requirements, double-check that you have answered all the questions correctly in the appropriate section.
To enter the information for property taxes, go to the "Deductions and Credits" screen. Click Property Taxes. Enter to update the information.
For more information on the new vehicle loan interest deduction, see the article below.
Vehicle Loan Interest Deduction
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