i bought a 2020 last year does that count

christianjacobs89 — Sat, 28 Feb 2026 18:12:16 GMT

Re: i bought a 2020 last year does that count

DoninGA — Sat, 28 Feb 2026 18:14:30 GMT

Count for what? No one can see your tax return or your screen.

Re: i bought a 2020 last year does that count

Vanessa A — Sat, 28 Feb 2026 18:15:09 GMT

I am assuming you are talking about a car and the car loan interest deduction? If so, no, it does not count. In order to claim the deduction, the car must be a new car and the loan must have originated during the tax year that you are filing.

In order to claim this interest the following criteria must be met:

The car was purchased not leased
Final assembly occurred in the US
It is NOT a business use, but was purchased for personal use
It has a GVWR of less than 14,000lbs (car, truck, SUV, mini van or motorcycle)
Loan was originated in 2025 and must be secured by a lien on the vehicle or the title
Your income must be less than $100,000 if single or $200,000 if married filing jointly to receive the full deduction.
If your income is over $150,000 if single or $250,000 if Married filing jointly, you are not eligible

Note: The interest deduction is capped at $10,000. This is an above the line deduction, not a credit meaning it will lower your AGI and taxable income. It will not be an amount that is refunded to you, but it could result in a refund by lowering your taxable income. If you already received a refund of all of the money you had withheld, then you may not see a difference in your return.

topic i bought a 2020 last year does that count in Deductions & credits

i bought a 2020 last year does that count

Re: i bought a 2020 last year does that count

Re: i bought a 2020 last year does that count