Tax Implications of Leasing
Tax changes impact your decision whether to lease or buy. While a lease may be fully tax deductible, the depreciation of your purchased vehicles can actually increase your exposure to the Alternative Minimum Tax (AMT) taxable income. The repeal of the Investment Tax Credit (ITC) may further erode the tax benefits once associated with ownership.
See for yourself if leasing makes sense by completing this online lease-versus-buy worksheet.