Car Loan Interest Deduction Phaseout | Schedule 1-A Explained (2025)

Описание: This video explains the Schedule 1-A qualified passenger vehicle loan interest deduction and how it phases out as income increases. I walk through a complete example showing the round-up rule, the $200 reduction per $1,000 of excess income, and how the final deductible amount is calculated.

This video focuses only on the phaseout mechanics for car loan interest. The full Schedule 1-A walkthrough video shows how the form works when no phaseout applies.

#taxes #taxes2025 #taxdeductions #taxpreparation

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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