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March 22, 2025
Question

If I paid $4041.83 Interest on my car loan for 2024, can I get Credit for that?

  • March 22, 2025
  • 1 reply
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Can I claim interest paid on Auto loan for 2024?

1 reply

March 22, 2025

if it is not used in business, you are not entitled to a federal deduction. Some states may allow it. you're not in a business if you use it as an employee (you get a w-2)