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If you are leasing a truck from your company who gets the tax w/o?

We are leasing the truck from the company we drive for. Since the truck is in their name who gets the tax deduction? They take a payment out of the settlement . How does that work for tax purpose?

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your lease payments are 100% tax deductable


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Keith, any and all lease payments you make will be 100% tax deductible. You would take the total of all your lease payments for 2017 and that would be 100% deductible as a business expense. Lets Truck has a great accounting/ tax preparation program if you need additional help or would like them to file your taxes for you. Good question. Let us know if you have any more tax questions.

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Keith will be eternally grateful.
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