My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Finance

Should I lease a car through my business to offset my yearly business income?

min read
Opinions expressed by Entrepreneur contributors are their own.
If you use it for mostly personal use, that part isn't going to be a "business deduction" and most likely is not going to be advantageous to your situation. Depending on your past tax filings, you are most likely going to be better by doing mileage tracking and reimbursement at the IRS allowed rate and keeping the automobile personal since the majority of your travel is personal. As always, visit with your personal tax professional for guidance related to your specific situation.

More from Entrepreneur

Dustin's experience and expertise can help you monetize your message, build a marketing strategy and connect with influencers.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.
Start My Plan

Latest on Entrepreneur