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Can I deduct car lease payments on my tax return?


Can I deduct car lease payments on my tax return?


Yes!


If you are self employed or a business owner then you can write off your lease payments on your tax return.


For example, say you lease a car for $500 a month. You can get a deduction for $6,000 and that will save you about $3,000 in taxes.


Pretty good deal! You get to spend the money on yourself and pay less tax!


Feel free to reach out to our team with any questions.

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