topic Car loan payment in After you file

Car loan payment

Levydavid07 — Sat, 23 Jan 2021 00:33:20 GMT

Do i file it?

Re: Car loan payment

Mike9241 — Sat, 23 Jan 2021 00:40:50 GMT

how does your question relate to income taxes?

Re: Car loan payment

BillM223 — Sat, 23 Jan 2021 04:42:40 GMT

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.