Deduct Car Loan Interest? New IRS Rules Explained

This video explains the NEW rules for the car loan interest deduction, including who qualifies, how much you can deduct, and the difference between personal use and business use under IRS guidelines.
If you’re self-employed, drive for Uber/Lyft, run a small business, or use your vehicle for work, this breakdown will help you understand exactly when car interest is deductible and when it’s not.

Chapters
00:00 Introduction
01:16 Eligibility
06:42 Decoder

#taxlaw #tax2025 #taxdeductions #tax

Topics Covered:

• Car loan interest tax deduction rules
• Business vs. personal vehicle use
• Self-employed and Schedule C deductions
• Mileage vs. actual expense method
• IRS requirements and documentation tips

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About Brian Winrow

Brian Winrow is a tax attorney and educator with extensive experience in taxation, accounting, and business. He holds a J.D., LL.M. in Taxation, DBA, MAcc, and MBA, and is licensed to practice before the U.S. Tax Court. He also maintains active professional certifications in taxation and fraud examination. Brian teaches undergraduate and graduate-level tax and accounting courses and focuses on making complex tax concepts easy to understand. He is the founder of Winrow Tax Services, where he works with individuals and businesses on a wide range of tax matters.

If you're interested in working with Brian or learning more about his tax practice, you can visit Winrow Tax Services at www. winrowtax.com.

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