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mare5081
New Member

Where do i take off interest I paid on new car purchased in 2025?

 
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2 Replies

Where do i take off interest I paid on new car purchased in 2025?

To enter New 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

AnnetteB6
Employee Tax Expert

Where do i take off interest I paid on new car purchased in 2025?

Go to Deductions and Credits > Cars and Other Things You Own > Car Loan Interest and click Start to enter your information.

 

See the following TurboTax help article to learn more:

 

What is the vehicle loan interest deduction?

 

@mare5081 
 

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