Can Leasing a Car Be Tax Deductible?

Yes, car leasing can be tax deductible if you use it for business purposes. You can deduct the lease payments proportionate to the percentage of business use. Other costs like fuel, insurance, and maintenance might also qualify for deductions.

However, personal use of the car isn’t deductible. It’s important to keep a record if you want to deduct taxes on leasing a car.