Car loan interest deduction — open through 2028

Bookkeeping & taxes for rental companies.

Profit per vehicle, depreciation, loan interest, platform payouts — one tool that does the books and the tax planning for your fleet. Whether you rent through Turo, run a rental agency, or manage a private fleet.

The Reality

Renting the cars is the easy part.
The books are where fleets bleed money.

Spreadsheets weren't built for fleets, and generic accounting software doesn't understand rental payouts. Here's where most rental operators — Turo hosts included — struggle by year two.

📉

Depreciation across 5+ vehicles, by hand

Every vehicle has its own write-off schedule, its own caps, its own rules. One spreadsheet error wipes thousands off your deduction — and you pay your CPA by the hour to find it.

🔁

Reconciling platform payouts against deposits

Rental platforms like Turo net out their fees before paying you. Your bank shows one number, your 1099-K shows another, and the math has to tie out to the penny. Without per-vehicle tagging, the audit trail collapses.

🏷️

Fees, insurance, claims — all booked differently

Service fees, protection plans, claim payouts, and reimbursements each hit your account differently. Categorize them wrong and you under-report revenue or over-deduct expenses — both flag audits.

The Stack

Every deduction available to a rental fleet.

HaraPro models every line below against your actual numbers and vehicle list — in plain English, all year long. No spreadsheets. No "ask your CPA next April."

Deduction
When it applies
2026 cap
Heavy vehicle write-off
Vehicles over 6,000 lbs used mostly for business — Tahoe, Suburban, X5, F-150 — can be written off far faster in year one.
Up to $31,300
Standard vehicle depreciation
Cars under 6,000 lbs have yearly write-off caps. HaraPro tracks each vehicle's schedule automatically.
$20,400 yr 1
Bonus depreciation
An extra first-year write-off on top of the standard schedule — 40% of the purchase price in 2026, shrinking each year.
40% in 2026
Car loan interest
US-assembled vehicles, loans only (not leases). This deduction ends December 31, 2028.
Up to $10,000/yr
Platform & service fees
Fees from rental platforms like Turo — service, protection, claims. Fully deductible against gross revenue.
100% deductible
Mileage vs. actual expenses
Per mile driven, or actual costs (depreciation + fuel + maintenance) — whichever saves more. HaraPro models both, per vehicle.
$0.67/mi (2026)
Home office (fleet management)
Dedicated space for bookings, key handoffs, photography, and scheduling counts.
$5/sq ft
1099-K reconciliation
Ties the gross number on your platform 1099-K to the net deposits in your bank — and to your tax return.
Automatic
Inside the App

Your whole fleet — value, loans, and equity — on one screen.

Real screens from HaraPro. Every vehicle carries its own value, loan balance, equity, and monthly payment — updated automatically as payments land in your bank feed.

app.harapro.com — Fleet overview
HaraPro fleet dashboard: fleet value vs loans vs equity chart, equity ranked by vehicle, and monthly payment burden
Fleet value vs. loans vs. equity over time, equity ranked by vehicle, and your total monthly payment burden — one glance.
app.harapro.com — Vehicles & loans
HaraPro vehicle table with purchase price, interest rate, current value, loan balance, equity, and monthly payment per vehicle
Every vehicle linked to its loan — rate, balance, equity, and monthly payment tracked per vehicle, per LLC.

This is what running the fleet by the numbers looks like. Loan payments auto-split into principal and interest, depreciation posts on schedule, and every platform payout lands on the right vehicle — no spreadsheet in sight.

2028
Window closes Dec 31

The 2028 Window.

Current tax law lets you deduct up to $10,000/year in car loan interest on US-assembled vehicles. The deduction ends December 31, 2028 — three tax years left. HaraPro tracks it on every loan automatically.

FAQ

Common questions from rental operators.

Does HaraPro work for Turo hosts and other rental platforms?

Yes. HaraPro works for any vehicle rental business — Turo and peer-to-peer hosts, traditional rental agencies, and private fleets. Platform payouts (Turo included) reconcile against your bank deposits automatically, with fees separated from revenue and every transaction assigned to the right vehicle.

Do I need a separate LLC per vehicle?

Most rental operators don't. A single LLC can hold multiple vehicles, and HaraPro tracks profit per vehicle inside that one business. Separate LLCs only make sense when liability isolation matters — very high-value vehicles, or operators in litigious states. Talk to an attorney before splitting your fleet.

How does vehicle depreciation work in HaraPro?

You add a vehicle with its purchase price and business-use percentage, and HaraPro builds the depreciation schedule automatically. Heavy vehicles (over 6,000 lbs) can often be written off much faster than smaller cars, which have annual caps — HaraPro models both paths and applies the one that saves you more. No tax-code homework required.

Can I deduct the interest on my vehicle loans?

In many cases, yes — and through the end of 2028 there's an extra deduction of up to $10,000 per year in loan interest on US-assembled vehicles. HaraPro links each loan payment to the vehicle behind it and splits principal from interest automatically, so the deductible portion is captured every month. Loans only — lease payments are handled separately as a lease expense.

How does HaraPro handle platform payouts and 1099-Ks?

Rental platforms net their fees out before paying you, so your bank shows one number and your 1099-K shows another. HaraPro reconciles the two, books the fees as deductible expenses, and ties everything out per vehicle — so your books match your tax forms to the penny.

Can I import my existing rental history?

Yes. Drop in CSV exports or PDF payout statements from your platform — Turo exports work out of the box — and the AI classifier categorizes every transaction in minutes. Bank statements reconcile in parallel. Most operators have 12 months of history imported and categorized in under an hour.

Host on Turo?

5 Tax Deductions Every Turo Host Misses →

The playbook for the peer-to-peer side of the fleet — platform fees, loan interest, depreciation, parking, home office.

Stop reconciling spreadsheets.
Start running a fleet.

Free trial. No credit card. 12 months of payout history — Turo included — imported and categorized in under an hour.

Start Free Read the Playbook →