Quote:
Originally Posted by
RFX45 
Leasing the car through work as in it is being/going to be used for work? It's tax deductible if that is the case, you might have to provide proof during tax time though or else IRS might be looking deeper to your shit if you can't prove it.
how is it proved that it is used for work? also, does that mean the car is in the company's ownership and not your personal ownership? and for taxes, what is the benefit of it being a deduction as opposed to you buying it outright yourself?
I ask my parents questions like this but they're utterly useless and give me answers like, 'it's just better'. I'm just curious to understanding the full benefits of it early so I can learn how to use things like that to my advantage later on. I mean, I'd rather know this stuff beforehand and if I ever need it I can call upon it, as opposed to learning it after the fact and missing out.