Trying to understand how can a Business Write off Lease Payments impacts your daily choices? Read our breakdown with up-to-date information.
If you use the standard mileage rate, you get to deduct 57.5 cents for every business mile you drove in 2020. You may also deduct parking and tolls. You can’t deduct any portion of your lease payments if you use the standard mileage rate.
Alexander Ross
Gaming, Esports & Interactive Media Writer
Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.
