[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-7918":3},{"rec_id":4,"title":5,"text":6},"7918","Is car loan interest deductible?","Car loan interest is not usually deductible.\n\u003Cbr>\u003Cbr>\nHowever, car loan interest on \u003Ca href=\"/freefile2025/answers?faq=12245\">qualified passenger vehicles\u003C/a> may be deductible as a \u003Ci>Car Loan Interest Deduction\u003C/i>.\n\u003Cbr>\u003Cbr>\nIf the vehicle is used for your business or for \u003Ci>1099-NEC\u003C/i> or \u003Ci>1099-MISC\u003C/i> self-employment income (such as being an Uber driver), then the business portion of the car loan interest can be deducted on \u003Ci>Schedule C\u003C/i> or \u003Ci>Schedule F\u003C/i> of your tax return.\n\u003Cbr>\u003Cbr>\nIf your vehicle is for business and personal use and also qualifies for the personal \u003Ci>Car Loan Interest Deduction\u003C/i>, make sure to split the interest you deduct between your business and personal use. In other words, you can't deduct the same amount of interest twice on your tax return.",1777391472175]