Vehicle Lease Deduction - What Are the Limits?
If you lease a vehicle through your business, the tax deduction for the payments may be limited for two reasons. Personal use and an inclusion amount for expensive vehicles.
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#IRS #TaxDeduction #VehicleExpense
DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.
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