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title: Is a car credit tax-deductible in Switzerland?
description: Is a car credit tax-deductible in Switzerland?
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# Is a car credit tax-deductible in Switzerland?

With private credit for consumer goods, such as car loans, you can **deduct the interest** you pay on the loan from your taxes, but not the **loan payments** themselves. This means you cannot deduct the full credit amount or the monthly payments, only the part that goes toward the **interest**.

You can deduct up to **CHF 50,000** of interest on all your private loans, including your car loan, in a given year.

At the beginning of the year, you will receive a statement from your bank detailing the sum of interest you paid in the previous year so that you can add it to your taxes.

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