is interest from auto loans deductable

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Is car loan interest deductible on income tax return?
Not on your personal income taxes. A business may be different. . some auto loan companies will do a home lien with the auto lien which would .

Is Car Loan Interest Tax Deductible? - CarsDirect
Jun 19, 2009 . As with many things involving the Internal Revenue Service, there is not a straight yes or no answer to the question, "Is car loan interest tax .

Interest and Interest Deductions, IRS and Tax
Student loan interest is partially tax deductible on your tax return and personal interest, which includes interest paid on car loans, credit cards, and personal .

  1. Taxes Paid When Employing a Nanny

    • Can You Deduct Auto Loan Interest from Your Taxes -
      Auto loan interest can add up to quite a bit over time, so you might wonder if this charge is tax deductible. After all, interest on student loans is deductible under .

      Tax Topics - Topic 505 Interest Expense
      You cannot deduct personal interest. Personal interest includes interest paid on a loan to purchase a car for personal use. Personal interest also includes credit .

    Child Tax Credit or Dependent Care Account

    • Publication 17 (2011), Your Federal Income Tax
      Generally, home mortgage interest is any interest you pay on a loan secured by your home (main home or a second . Figure 23-A. Is My Home Mortgage Interest Fully Deductible? . Interest on car loans (unless you use the car for business).

      Vehicle Loan FAQ
      An Auto Tax Advantage Loan converts a regular vehicle loan to a loan with deductible interest payments, in most cases. (Usually, the interest is deductible on .

    Employee Benefits

    • Is the Interest Paid On a Car Loan Tax Deductible?
      Dec 24, 2010 . Every year when struggling with income taxes, you may wonder if the interest paid on a car loan is tax deductible. IRS rules change from year to .

      Should New Car Loans Be Tax Deductible? | Daniel J. Ikenson ...
      Feb 6, 2009 . By allowing car and truck buyers to deduct auto loan interest expenses . It's hard to imagine how tax-deductible interest payments would spur .

    Avoiding Taxes

    • Loan - Wikipedia, the free encyclopedia
      The loan is generally provided at a cost, referred to as interest on the debt, which . A direct auto loan is where a bank gives the loan directly to a consumer. . activity is deductible, while interest paid on personal loans are not deductible.

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