Can you write off a car lease?

You can deduct the cost of the lease, with some restrictions. You can deduct the portion of each lease payment that is for the use of the car for business- or work-related matters. read more

The actual expenses deduction covers a variety of costs associated with leasing a car. Deductible expenses include your annual lease payment total, license fees, gas, maintenance costs, insurance, tires, parking fees and tolls. How much of these expenses you can deduct depends on how much you use your car for business. read more

With a lease, the lease payments are an expense, and you do not use the depreciation write-off. You use the lease payment as a deduction if you write off actual vehicle expenses; you cannot use the lease payment as a deduction if you use the standard mileage rate deduction. read more