is interest on car loans deductible

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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 .

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 .

  1. Taxes Paid When Employing a Nanny

    • Publication 17 (2011), Your Federal Income Tax
      You meet the rules to deduct all of the mortgage interest on your loan and all of the real estate . Interest on car loans (unless you use the car for business).

      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 .

    Child Tax Credit or Dependent Care Account

    • Can you deduct interest from personal loans
      You CAN deduct interest from personal loans in some circumstances. If you're a . How does making a down payment on a car loan help a car buyer? Answer it!

      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 .

    Employee Benefits

    Avoiding Taxes

    • Is the Interest on Your RV Loan Tax Deductible
      Is the Interest on Your RV Loan Tax Deductible. . Wanda recently upgraded her motorhome to a larger vehicle after deciding that she needed more space to .

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