You'll need to sign in or create an account to connect with an expert.
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
To qualify for the car loan interest deduction, your vehicle must meet the following requirements:
If you meet these requirements, double-check that you have answered all the questions correctly in the appropriate section. That'd be the "Vehicle Loan Interest" section of the program.
You can also see the help article below for more information on this new deduction.
Vehicle Loan Interest Deduction
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
NewDawn
Level 2
christina-muraira
New Member
dillon-craft
New Member
lion
New Member
ramonarap
New Member