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Joy Taylor

Ask the Editor, November 7: Deducting Car Loan Interest

Joy Taylor IRS Tax Deduction

Ask the editor logo on a yellow background with the word TAX in capitals.

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on the new tax deduction for paying interest on vehicle loans. (Get a free issue of The Kiplinger Tax Letter or subscribe.)

1. What are the general rules for the deduction?

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