# Car Leases as Tax Write Offs **URL:** \ **Category:** Off-Ramp\ **Created:** [March 31, 2018, 6:36pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080 "2018-03-31T18:36:06Z")\ **Posts on this page:** 14\ **Page:** 1
**Author:** ![PrettyBoyAJ](https://leasehackr.b-cdn.net/letter_avatar/prettyboyaj/32/5_5575768a8748004e209b776fc1b2916d.png) [@PrettyBoyAJ](https://forum.leasehackr.com/u/PrettyBoyAJ)\ **Post date:** [March 31, 2018, 6:36pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/1 "2018-03-31T18:36:06Z")
Do any of you guys write off your car lease on your business LLC? I currently have an LLC and looking to lease a vehicle and want to expense it to my business because majority of the things I’ll do with the car will be client related. I know you can deduct a portion of the vehicles payments as a write off. Do a lot of people do it here? ---
**Author:** ![NY13](https://leasehackr.b-cdn.net/letter_avatar/ny13/32/5_5575768a8748004e209b776fc1b2916d.png) [@NY13](https://forum.leasehackr.com/u/NY13)\ **Post date:** [March 31, 2018, 6:46pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/2 "2018-03-31T18:46:18Z")
Yes, you have to keep records in case. ---
**Author:** ![Masterblaster](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/masterblaster/32/2613_2.png) [@Masterblaster](https://forum.leasehackr.com/u/Masterblaster)\ **Post date:** [March 31, 2018, 7:53pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/3 "2018-03-31T19:53:54Z")
> If you use the standard mileage rate for a leased vehicle, the lease payment amount is not deductible. Leased vehicles are not depreciated. Instead, the business portion of the lease payment is deducted. … This income inclusion rule is an attempt to equalize the tax benefits from leasing and owning business vehicles. Take a look at IRS publication 463. t will tell you everything you ever wanted to know about deducting car expenses leased, purchased or otherwise [https://www.irs.gov/pub/irs-pdf/p463.pdf](https://www.irs.gov/pub/irs-pdf/p463.pdf) ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [March 31, 2018, 7:58pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/4 "2018-03-31T19:58:57Z")
I did, but I registered the vehicle in the name of the LLC. I also used the vehicle 100% for business use. ---
**Author:** ![Masterblaster](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/masterblaster/32/2613_2.png) [@Masterblaster](https://forum.leasehackr.com/u/Masterblaster)\ **Post date:** [March 31, 2018, 8:04pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/5 "2018-03-31T20:04:58Z")
You cant have it both ways. Either you compensate the LLC for the fair use value of the personal use of a vehicle. Or the personal use of the vehicle is allocated to you as taxable income from the LLC. ---
**Author:** ![PrettyBoyAJ](https://leasehackr.b-cdn.net/letter_avatar/prettyboyaj/32/5_5575768a8748004e209b776fc1b2916d.png) [@PrettyBoyAJ](https://forum.leasehackr.com/u/PrettyBoyAJ)\ **Post date:** [April 2, 2018, 1:25am UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/6 "2018-04-02T01:25:19Z")
Yes sir absolutely. That’s the tax laws. I think this is one of the greatest advantages to leasing a vehicle. It’s because you can write if off as a tax expense. ---
**Author:** ![socal59](https://leasehackr.b-cdn.net/letter_avatar/socal59/32/5_5575768a8748004e209b776fc1b2916d.png) [@socal59](https://forum.leasehackr.com/u/socal59)\ **Post date:** [April 2, 2018, 1:36am UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/7 "2018-04-02T01:36:30Z")
Probably better to discuss this with your accountant. ---
**Author:** ![Rizza36](https://leasehackr.b-cdn.net/letter_avatar/rizza36/32/5_5575768a8748004e209b776fc1b2916d.png) [@Rizza36](https://forum.leasehackr.com/u/Rizza36)\ **Post date:** [April 2, 2018, 2:51am UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/8 "2018-04-02T02:51:21Z")
You can write off monthly lesse payments based on the proportion of business vs personal If you own a car you can write off the business miles, plus depreciation Buy a car with a gvwr over 6,000 pounds and let the fun begin. MAGA! ---
**Author:** ![PrettyBoyAJ](https://leasehackr.b-cdn.net/letter_avatar/prettyboyaj/32/5_5575768a8748004e209b776fc1b2916d.png) [@PrettyBoyAJ](https://forum.leasehackr.com/u/PrettyBoyAJ)\ **Post date:** [April 2, 2018, 5:00am UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/9 "2018-04-02T05:00:34Z")
The purpose of this thread is to ask do you guys do it here? I know the tax laws. I know what I can do regarding leased vehicles. ---
**Author:** ![deano](https://leasehackr.b-cdn.net/letter_avatar/deano/32/5_5575768a8748004e209b776fc1b2916d.png) [@deano](https://forum.leasehackr.com/u/deano)\ **Post date:** [April 2, 2018, 3:09pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/10 "2018-04-02T15:09:11Z")
Corporate auto insurance is far more expensive than personal. If you use your car for business purposes, the business has to carry liability insurance. ---
**Author:** ![socal59](https://leasehackr.b-cdn.net/letter_avatar/socal59/32/5_5575768a8748004e209b776fc1b2916d.png) [@socal59](https://forum.leasehackr.com/u/socal59)\ **Post date:** [April 2, 2018, 3:41pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/11 "2018-04-02T15:41:06Z")
You either qualify for the write off, or you don’t. Some businesses write off meals, some travel. How does who writes off certain expenses help you? ---
**Author:** ![PrettyBoyAJ](https://leasehackr.b-cdn.net/letter_avatar/prettyboyaj/32/5_5575768a8748004e209b776fc1b2916d.png) [@PrettyBoyAJ](https://forum.leasehackr.com/u/PrettyBoyAJ)\ **Post date:** [April 2, 2018, 5:46pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/12 "2018-04-02T17:46:40Z")
It’s a write off for my profession because I use a vehicle a lot to meet clients and go to different work sites. What is your question? ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [April 2, 2018, 6:41pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/13 "2018-04-02T18:41:07Z")
> [@PrettyBoyAJ](#): > > The purpose of this thread is to ask do you guys do it here? > > I know the tax laws. I know what I can do regarding leased vehicles. If you know the tax laws and know what you can do regarding leased vehicles, what is _your_ question? Do people write off business expenses? Well of course they do. Duh. What’s next, do people here drive their cars? ---
**Author:** ![PrettyBoyAJ](https://leasehackr.b-cdn.net/letter_avatar/prettyboyaj/32/5_5575768a8748004e209b776fc1b2916d.png) [@PrettyBoyAJ](https://forum.leasehackr.com/u/PrettyBoyAJ)\ **Post date:** [April 2, 2018, 7:33pm UTC](https://forum.leasehackr.com/t/car-leases-as-tax-write-offs/39080/14 "2018-04-02T19:33:55Z")
I was just curious on how many people on here did expense it for business. Didn’t think it was too big of a discussion. No need for people to get uptight.