{"id":42892,"date":"2022-07-01T12:27:50","date_gmt":"2022-07-01T12:27:50","guid":{"rendered":" https:\/\/dev.way.com\/blog\/?p=42892"},"modified":"2022-07-01T12:27:50","modified_gmt":"2022-07-01T12:27:50","slug":"car-loan-interest-tax-deductible","status":"publish","type":"post","link":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/","title":{"rendered":"Is Your Car Loan Interest Tax Deductible?"},"content":{"rendered":"<p style=\"text-align: center;\"><em>Car owners are always looking for ways to save money on their vehicles. One way to do that is by claiming tax deductions wherever relevant! If you&#8217;ve ever wondered if car loan interest is tax-deductible, this post will tell you everything you need to know.<\/em><\/p>\n<p style=\"text-align: justify;\">Despite car loans being secured loans (the vehicle is the collateral), the APRs charged them can be quite high. Car owners are always on the lookout to save money &#8211; to the extent that many Americans often wonder whether they can write off any car loan interest charges when filing taxes.<\/p>\n<blockquote><p><em><strong>Short answer:<\/strong> You will be able to deduct car loan interest from your tax returns<strong> only if you own a car for business purposes<\/strong>. If you&#8217;re self-employed, you will be able to<strong> write off a portion of your interest payment<\/strong> &#8211; depending on how much you use the car for your business.<\/em><\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #e71346;color:#e71346\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #e71346;color:#e71346\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#What_is_auto_loan_interest\" >What is auto loan interest?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Is_car_loan_interest_tax-deductible\" >Is car loan interest tax-deductible?\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#When_car_loan_interest_is_deductible\" >When car loan interest is deductible<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#When_car_loan_interest_is_not_tax-deductible\" >When car loan interest is not tax-deductible<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#What_kinds_of_interest_are_tax-deductible\" >What kinds of interest are tax-deductible?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#How_can_you_write_off_car_loan_interest\" >How can you write off car loan interest?\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Actual_Expenses_Method\" >Actual Expenses Method\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Standard_Mileage_Rate_Method\" >Standard Mileage Rate Method\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#What_documents_do_you_need_to_claim_car_loan_interest_tax_deductions\" >What documents do you need to claim car loan interest tax deductions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Pros_and_cons_of_auto_loan_interest_tax_deduction\" >Pros and cons of auto loan interest tax deduction\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Benefits\" >Benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Drawbacks\" >Drawbacks<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#How_can_auto_loan_refinancing_help_you_get_tax_benefits\" >How can auto loan refinancing help you get tax benefits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Frequently_Asked_Questions_FAQ\" >Frequently Asked Questions (FAQ)\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#What_kind_of_interest_is_tax-deductible\" >What kind of interest is tax-deductible?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Can_I_claim_a_car_loan_on_my_tax_return\" >Can I claim a car loan on my tax return?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#How_much_of_your_car_payment_can_you_write_off\" >How much of your car payment can you write off?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#Can_auto_loan_interest_be_deducted_if_it_isnt_a_business_expense\" >Can auto loan interest be deducted if it isn&#8217;t a business expense?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_auto_loan_interest\"><\/span><span data-contrast=\"none\">What is auto loan interest?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The interest on your car loan is the cost of borrowing money from a certain lender for a car loan, personal loan, mortgage, etc. When you repay the loan in monthly installments, a part of it goes towards repaying the interest, while the other part goes towards the principal.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_car_loan_interest_tax-deductible\"><\/span><span data-contrast=\"none\">Is car loan interest tax-deductible?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42894 size-large\" src=\"https:\/\/blog.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-1024x682.jpg\" alt=\"\" width=\"640\" height=\"426\" srcset=\"http:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-1024x682.jpg 1024w, http:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-300x200.jpg 300w, http:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-768x512.jpg 768w, http:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-1536x1024.jpg 1536w, http:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-600x400.jpg 600w, http:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible.jpg 2000w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p style=\"text-align: justify;\"><strong>For regular taxpayers, deducting car loan interest is not allowed<\/strong>. However, it is possible for taxpayers who meet certain criteria.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_car_loan_interest_is_deductible\"><\/span><em>When car loan interest is deductible<\/em><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><strong>1. You can write off a part of your car loan interest if you bought a car for personal use but ALSO use it for business purposes. <\/strong>For example, let&#8217;s imagine that you are a business owner, freelancer, gig worker, or self-employed contractor. Even if you bought the car for personal use, you will be using it for certain car-related business expenses (like transportation of goods, business errands, work trips). <strong>These expenses can be written off from the car loan interest that you pay every month.<\/strong><\/p>\n<p style=\"text-align: justify;\">However, you can only claim tax deductions for business purposes and not when you used the car for personal reasons. For example, if 70% of your car use was for business and 30% for personal affairs, then you can only deduct 70% of the car loan interest from your tax returns.<\/p>\n<p style=\"text-align: justify;\"><strong>2<\/strong>. <strong>You can write off up to 100% of your car loan interest<\/strong> <strong>if you bought a car solely for business purposes<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_car_loan_interest_is_not_tax-deductible\"><\/span><em>When car loan interest is not tax-deductible<\/em><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">If you took out a car loan to <strong>purchase a vehicle for commuting and personal use only,<\/strong>\u00a0then the car loan interest on it is <strong>not tax-deductible<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_kinds_of_interest_are_tax-deductible\"><\/span>What kinds of interest are tax-deductible?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">According to the <a href=\"https:\/\/www.irs.gov\/taxtopics\/tc505\" target=\"_blank\" rel=\"noopener\">Internal Revenue Service (IRS)<\/a>,\u00a0 five types of interest are deductible on an income tax return.<\/p>\n<ol style=\"text-align: justify;\">\n<li>Farm business interest<\/li>\n<li>Non-farm business interest<\/li>\n<li>Student loan interest<\/li>\n<li>Investment interest<\/li>\n<li>Qualified mortgage interest<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">Until 2017, you could also get tax write-offs for interest paid on home equity lines of credit (HELOC) that were used to purchase vehicles. However, this was suspended until 2026 by the<em> Tax Cuts and Jobs Act 2017.<\/em><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.giphy.com\/media\/l41YoVcd7UhOWIDBK\/giphy.gif\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_can_you_write_off_car_loan_interest\"><\/span><span data-contrast=\"none\">How can you write off car loan interest?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The IRS allows you to calculate your tax deductibles based on two different methods:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Actual_Expenses_Method\"><\/span><span data-contrast=\"none\">Actual Expenses Method<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">This allows you to <strong>deduct all eligible car expenses<\/strong> that you rack up in a financial year. You need to add up all the expenses on the car during the year and multiply it by the percentage of business use.<\/p>\n<ul>\n<li style=\"text-align: justify;\">For example, if your total car expenses during a year were<strong> $8,000<\/strong> and you used the vehicle for business purposes <strong>40%<\/strong> of the time, then the amount you spend on business expenses is <strong>40% * 8000= $3200.<\/strong> This will be your tax-deductible amount.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The costs you can include as part of the Actual Expenses Method include:<\/p>\n<ul>\n<li style=\"text-align: justify;\">Lease payments<\/li>\n<li style=\"text-align: justify;\">Insurance premiums<\/li>\n<li style=\"text-align: justify;\">Depreciation costs<\/li>\n<li style=\"text-align: justify;\">Maintenance charges (oil changes, brake fluid, brake pads)<\/li>\n<li style=\"text-align: justify;\">Tolls and parking fees<\/li>\n<li style=\"text-align: justify;\">Title, licensing, and registration fees (in certain states)<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Standard_Mileage_Rate_Method\"><\/span><span data-contrast=\"none\">Standard Mileage Rate Method<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This method involves <strong>keeping track of the number of miles you drive<\/strong> in a year and <strong>multiplying that with a standard cost per mile<\/strong>. The IRS keeps updating the standard mileage rate &#8211; and as of 2022, it is<a href=\"https:\/\/www.irs.gov\/newsroom\/irs-increases-mileage-rate-for-remainder-of-2022\" target=\"_blank\" rel=\"noopener\"><strong> 62.5 cents per mile or 0.625 dollars per mile<\/strong><\/a><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0The Standard Mileage Rate includes several of the costs you would normally add up as &#8220;actual expenses&#8221; &#8211; like maintenance, gas, oil, repairs, etc. Multiplying this rate with the number of miles covered for business activities will give you a deductible amount on your tax return.<\/span><\/p>\n<ul>\n<li>For example, if you drove 10,000 miles in a year and half of that was for business (5000 miles), then your tax write-off will be <strong>5000 * 0.625 = $3125.<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.giphy.com\/media\/l0HlOAfAzrR7e4ngA\/giphy.gif\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_documents_do_you_need_to_claim_car_loan_interest_tax_deductions\"><\/span>What documents do you need to claim car loan interest tax deductions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is helpful to keep <strong>thorough records and paperwork<\/strong> regarding your business expenses. This will make it easier to claim tax deductions and can help the authorities verify the claim as well. Save these documents for 3-4 years in case you ever need to refer to them in the future.<\/p>\n<ul>\n<li>Have a record of all the car loan payments you have made so far and how much of the interest you have repaid.<\/li>\n<li>Keep a record of all journeys made in the car for business activities<\/li>\n<li>Keep a mileage log to track the distance traveled for work-related errands<\/li>\n<li>You can also keep parking and toll receipts to validate your claims, even if they are not a part of the final deductible amount.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Pros_and_cons_of_auto_loan_interest_tax_deduction\"><\/span><span data-contrast=\"none\">Pros and cons of auto loan interest tax deduction<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Benefits\"><\/span>Benefits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><strong>Helps you afford high-interest loans:\u00a0<\/strong>Interest charges on vehicle loans are often the costliest part of borrowing. Getting a deduction can take the edge off a high-APR car loan.<\/li>\n<li><strong>Reduces the cost of borrowing:\u00a0<\/strong>Small business owners can access better loans.<\/li>\n<li><strong>Making the best use of finances:\u00a0<\/strong>With more Americans getting into debt every day, it&#8217;s important to maintain control over your finances and get back as many refunds as you can.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Drawbacks\"><\/span>Drawbacks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><strong>Need to confirm if you are eligible:\u00a0<\/strong>Ensure you have a proper business license when applying for a 100% tax write-off. Similarly, ensure you calculate your actual expenses and mileage properly.<\/li>\n<li><strong>Unvalidated claims can result in audits:\u00a0<\/strong>The IRS doesn&#8217;t take too kindly to fraud and invalidated claims for a tax deduction.<\/li>\n<li><strong>Penalties and fines for misleading finances:\u00a0<\/strong>Only claim a tax write-off wherever you are allowed to &#8211; or else be prepared for a hefty fine.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"How_can_auto_loan_refinancing_help_you_get_tax_benefits\"><\/span>How can auto loan refinancing help you get tax benefits?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">One of the biggest issues with being stuck in a bad car loan is that you will keep having cash flow issues. Even if you are using the car solely for business purposes, you will still have to pay <strong>high interest charges on the loan<\/strong> and <strong>wait till the end of the financial year to get a refund<\/strong>. This effectively locks up money that could be spent elsewhere.<\/p>\n<p>While<strong><a href=\"https:\/\/www.way.com\/auto-refinance\" target=\"_blank\" rel=\"noopener\"> auto loan refinancing<\/a> does not have a direct tax benefit<\/strong>, it can help you <a href=\" https:\/\/dev.way.com\/blog\/how-can-i-lower-my-car-interest-rate\/\" target=\"_blank\" rel=\"noopener\"><strong>reduce the car loan interest<\/strong><\/a> you pay every month. This will free up more money which you can use to spend on gas, household expenses, student debt, and more. If you use this money on business-related car costs, you can<strong> indirectly benefit by claiming a tax write-off<\/strong> on this amount.<\/p>\n<p>You can also use cash-back auto loan refinancing to borrow an amount equal to the car&#8217;s resale value. You can get a portion of the loan in cash, which you can put into your business or use for immediate needs.<\/p>\n<p><a href=\"https:\/\/www.way.com\/auto-refinance\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/blog.way.com\/wp-content\/uploads\/2022\/02\/REFINANCE-BANNER.png\" alt=\"Is car loan interest tax deductible?\" width=\"744\" height=\"276\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQ\"><\/span><em>Frequently Asked Questions (FAQ)\u00a0<\/em><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"What_kind_of_interest_is_tax-deductible\"><\/span><span data-contrast=\"none\">What kind of interest is tax-deductible?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The <a href=\"https:\/\/www.irs.gov\/taxtopics\/tc505\" target=\"_blank\" rel=\"noopener\">Internal Revenue Service (IRS)<\/a> has listed five types of interest that are deductible on an income tax return.<\/p>\n<ul style=\"text-align: justify;\">\n<li>Farm business interest<\/li>\n<li>Non-farm business interest<\/li>\n<li>Student loan interest<\/li>\n<li>Investment interest<\/li>\n<li>Qualified mortgage interest<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Can_I_claim_a_car_loan_on_my_tax_return\"><\/span><span data-contrast=\"none\">Can I claim a car loan on my tax return?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Yes, <strong>you can claim a tax deduction<\/strong>\u00a0if you are<strong> using the vehicle for business purposes.<\/strong><\/li>\n<li>If you are a <strong>freelancer, gig worker, or independent contractor<\/strong>, you can only <strong>write off a partial amount. This will only cover the business-related expenses <\/strong>of the car.<\/li>\n<li>However, if you <strong>bought a car for personal reasons<\/strong> like commuting, <strong>you cannot claim any tax deductions<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_much_of_your_car_payment_can_you_write_off\"><\/span><span data-contrast=\"none\">How much of your car payment can you write off?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can only write off <b>a portion of your car expenses, equal to the business use of the car<\/b>. If your car use is 70% business and 30% personal, you can only deduct 60% of your auto loan interest. If you bought the car for 100% business use only, you can deduct 100% of the interest.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_auto_loan_interest_be_deducted_if_it_isnt_a_business_expense\"><\/span><span data-contrast=\"none\">Can auto loan interest be deducted if it isn&#8217;t a business expense?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can get a tax deduction for the interest on <strong>student loans, investments, and qualified mortgages<\/strong>.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><em>Here&#8217;s more info on <\/em><a title=\"https:\/\/www.way.com\/airport-parking\" href=\"https:\/\/www.way.com\/airport-parking\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Link top-rated airport parking\"><em>top-rated airport parking<\/em><\/a><em>,\u00a0<\/em><a title=\"https:\/\/www.way.com\/cities\" href=\"https:\/\/www.way.com\/cities\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Link the best parking spots in your city\"><em>the best parking spots in your city<\/em><\/a><em>, the most affordable\u00a0<u><a title=\"https:\/\/www.way.com\/auto-insurance\" href=\"https:\/\/www.way.com\/auto-insurance\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Link auto insurance\u00a0\">auto insurance\u00a0<\/a><\/u>for your car, and\u00a0<\/em><a title=\"https:\/\/www.way.com\/car-wash-near-me\" href=\"https:\/\/www.way.com\/car-wash-near-me\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Link top-rated car washes near you\"><em>top-rated car washes near you<\/em><\/a><em>.<\/em><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Car owners are always looking for ways to save money on their vehicles. One way to do that is by claiming tax deductions wherever relevant! If you&#8217;ve ever wondered if car loan interest is tax-deductible, this post will tell you everything you need to know. Despite car loans being secured loans (the vehicle is the&hellip; <a class=\"more-link\" href=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/\">Continue reading <span class=\"screen-reader-text\">Is Your Car Loan Interest Tax Deductible?<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":42893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1962,1855],"tags":[6004,6005,6006,6007,6000,6001],"class_list":["post-42892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-refinance","category-finance","tag-can-you-deduct-car-payments-on-taxes","tag-is-car-payment-tax-deductible","tag-can-you-deduct-car-loan-interest","tag-car-payment-tax-deduction","tag-can-i-deduct-car-loan-interest","tag-can-you-write-off-car-payments","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.3 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is Car Loan Interest Tax Deductible? [And How To Write Off Car Payments]<\/title>\n<meta name=\"description\" content=\"Car owners are always looking for ways to save money on their vehicles. Find out if you can claim car loan interest in your tax deductions!\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Your Car Loan Interest Tax Deductible?\" \/>\n<meta property=\"og:description\" content=\"Car owners are always looking for ways to save money on their vehicles. Find out if you can claim car loan interest in your tax deductions!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/\" \/>\n<meta property=\"og:site_name\" content=\"Way Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-01T12:27:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-2-1024x624.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"624\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mahesh SL\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mahesh SL\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/\"},\"author\":{\"name\":\"Mahesh SL\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#\\\/schema\\\/person\\\/c916386c61281bccf925ffea1c3d35d9\"},\"headline\":\"Is Your Car Loan Interest Tax Deductible?\",\"datePublished\":\"2022-07-01T12:27:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/\"},\"wordCount\":1467,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wordwblog02.way.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/car-loan-tax-deductible-2.jpg\",\"keywords\":[\"can you deduct car payments on taxes\",\"is car payment tax deductible\",\"can you deduct car loan interest\",\"car payment tax deduction\",\"can i deduct car loan interest\",\"can you write off car payments\"],\"articleSection\":[\"Auto Refinance\",\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/\",\"url\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/\",\"name\":\"Is Car Loan Interest Tax Deductible? [And How To Write Off Car Payments]\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wordwblog02.way.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/car-loan-tax-deductible-2.jpg\",\"datePublished\":\"2022-07-01T12:27:50+00:00\",\"description\":\"Car owners are always looking for ways to save money on their vehicles. Find out if you can claim car loan interest in your tax deductions!\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/#primaryimage\",\"url\":\"https:\\\/\\\/wordwblog02.way.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/car-loan-tax-deductible-2.jpg\",\"contentUrl\":\"https:\\\/\\\/wordwblog02.way.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/car-loan-tax-deductible-2.jpg\",\"width\":1999,\"height\":1219,\"caption\":\"TAX DEDUCTIBLE text on the chart , office supplies, business\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/car-loan-interest-tax-deductible\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Finance\",\"item\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/finance\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Is Your Car Loan Interest Tax Deductible?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#website\",\"url\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/\",\"name\":\"Way Blog\",\"description\":\"Cars \ud83d\ude97 Simplified\",\"publisher\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#organization\",\"name\":\"Way.com\",\"url\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/wordwblog02.way.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/cropped-wayCom_RedLogo-1.png\",\"contentUrl\":\"https:\\\/\\\/wordwblog02.way.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/cropped-wayCom_RedLogo-1.png\",\"width\":700,\"height\":127,\"caption\":\"Way.com\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/#\\\/schema\\\/person\\\/c916386c61281bccf925ffea1c3d35d9\",\"name\":\"Mahesh SL\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0ecb7f75edfde94269f5650c8555683909b8fabf450d7fe168896cc85d0edc5d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0ecb7f75edfde94269f5650c8555683909b8fabf450d7fe168896cc85d0edc5d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0ecb7f75edfde94269f5650c8555683909b8fabf450d7fe168896cc85d0edc5d?s=96&d=mm&r=g\",\"caption\":\"Mahesh SL\"},\"jobTitle\":\"Senior Software Engineer\",\"url\":\"https:\\\/\\\/dev.way.com\\\/journal\\\/author\\\/mahesh\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Is Car Loan Interest Tax Deductible? [And How To Write Off Car Payments]","description":"Car owners are always looking for ways to save money on their vehicles. Find out if you can claim car loan interest in your tax deductions!","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Is Your Car Loan Interest Tax Deductible?","og_description":"Car owners are always looking for ways to save money on their vehicles. Find out if you can claim car loan interest in your tax deductions!","og_url":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/","og_site_name":"Way Blog","article_published_time":"2022-07-01T12:27:50+00:00","og_image":[{"width":1024,"height":624,"url":"https:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-2-1024x624.jpg","type":"image\/jpeg"}],"author":"Mahesh SL","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mahesh SL","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#article","isPartOf":{"@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/"},"author":{"name":"Mahesh SL","@id":"https:\/\/dev.way.com\/journal\/#\/schema\/person\/c916386c61281bccf925ffea1c3d35d9"},"headline":"Is Your Car Loan Interest Tax Deductible?","datePublished":"2022-07-01T12:27:50+00:00","mainEntityOfPage":{"@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/"},"wordCount":1467,"commentCount":0,"publisher":{"@id":"https:\/\/dev.way.com\/journal\/#organization"},"image":{"@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#primaryimage"},"thumbnailUrl":"https:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-2.jpg","keywords":["can you deduct car payments on taxes","is car payment tax deductible","can you deduct car loan interest","car payment tax deduction","can i deduct car loan interest","can you write off car payments"],"articleSection":["Auto Refinance","Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/","url":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/","name":"Is Car Loan Interest Tax Deductible? [And How To Write Off Car Payments]","isPartOf":{"@id":"https:\/\/dev.way.com\/journal\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#primaryimage"},"image":{"@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#primaryimage"},"thumbnailUrl":"https:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-2.jpg","datePublished":"2022-07-01T12:27:50+00:00","description":"Car owners are always looking for ways to save money on their vehicles. Find out if you can claim car loan interest in your tax deductions!","breadcrumb":{"@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#primaryimage","url":"https:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-2.jpg","contentUrl":"https:\/\/wordwblog02.way.com\/wp-content\/uploads\/2022\/07\/car-loan-tax-deductible-2.jpg","width":1999,"height":1219,"caption":"TAX DEDUCTIBLE text on the chart , office supplies, business"},{"@type":"BreadcrumbList","@id":"https:\/\/dev.way.com\/journal\/car-loan-interest-tax-deductible\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dev.way.com\/journal\/"},{"@type":"ListItem","position":2,"name":"Finance","item":"https:\/\/dev.way.com\/journal\/finance\/"},{"@type":"ListItem","position":3,"name":"Is Your Car Loan Interest Tax Deductible?"}]},{"@type":"WebSite","@id":"https:\/\/dev.way.com\/journal\/#website","url":"https:\/\/dev.way.com\/journal\/","name":"Way Blog","description":"Cars \ud83d\ude97 Simplified","publisher":{"@id":"https:\/\/dev.way.com\/journal\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dev.way.com\/journal\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/dev.way.com\/journal\/#organization","name":"Way.com","url":"https:\/\/dev.way.com\/journal\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev.way.com\/journal\/#\/schema\/logo\/image\/","url":"https:\/\/wordwblog02.way.com\/wp-content\/uploads\/2020\/10\/cropped-wayCom_RedLogo-1.png","contentUrl":"https:\/\/wordwblog02.way.com\/wp-content\/uploads\/2020\/10\/cropped-wayCom_RedLogo-1.png","width":700,"height":127,"caption":"Way.com"},"image":{"@id":"https:\/\/dev.way.com\/journal\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/dev.way.com\/journal\/#\/schema\/person\/c916386c61281bccf925ffea1c3d35d9","name":"Mahesh SL","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0ecb7f75edfde94269f5650c8555683909b8fabf450d7fe168896cc85d0edc5d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/0ecb7f75edfde94269f5650c8555683909b8fabf450d7fe168896cc85d0edc5d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ecb7f75edfde94269f5650c8555683909b8fabf450d7fe168896cc85d0edc5d?s=96&d=mm&r=g","caption":"Mahesh SL"},"jobTitle":"Senior Software Engineer","url":"https:\/\/dev.way.com\/journal\/author\/mahesh\/"}]}},"_links":{"self":[{"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/posts\/42892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/comments?post=42892"}],"version-history":[{"count":0,"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/posts\/42892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/media\/42893"}],"wp:attachment":[{"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/media?parent=42892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/categories?post=42892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.way.com\/journal\/wp-json\/wp\/v2\/tags?post=42892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}