Tax Implications of Car Leases

Imagine driving a sleek and powerful Tesla, knowing that you’re not only reducing your carbon footprint but also potentially saving money on your taxes. Leasing a Tesla can be an attractive option for many, but does it qualify for a…

Quick Answer: Leasing a car for business purposes can offer several tax benefits, including deductions for lease payments, mileage, and other expenses. However, buying a car also has its advantages, such as depreciation deductions and potential tax credits. The decision…