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2 replies

Mike9241
Level 15
Level 15
January 23, 2021

how does your question relate to income taxes? 

Mike9241
Level 15
January 23, 2021

If you are asking if you can deduct your car loan payment, the answer is likely "no".

 

You have never been able to deduct the principal portion of the loan payment, and it has been many years since you have been able to deduct the interest portion of the loan payment.

 

This answer is for the federal return. 

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