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Car loan payment

Do i file it?
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2 Replies

Car loan payment

how does your question relate to income taxes? 

BillM223
Expert Alumni

Car loan payment

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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