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Is the interest on a car loan tax-deductible?

In Loans - Car Loans - Asked by Admin - 14 months ago

No, the IRS does not allow tax deductions on this interest but it is allowed for home equity loans so some banks offer home-equity loans for personal loans.

Answered by Admin - 14 months ago


Tags: tax-deductible, car loan, home-equity loan, home equity loan, is the interest on a car loan tax-deductible?

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In Loans - Car Loans - Asked by Admin - 15 months ago

Car loans are a very common type of loan. You can get different types of car loans including used car loans and new car loans. You may also need a special loan if you have a bankruptcy on your record. Refinancing a car loan is also an option. If you need help with car loan questions or answers about car loans or "is the interest on a car loan tax-deductible?", Zuuply.com has the answers you are looking for.



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