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In this video, the speaker discusses business tax deduction limitations for leased company vehicles. Business owners can lease vehicles through their business, but there are specific limitations on deductible amounts. The main limitation is the distinction between business and personal use. When a vehicle is used for both purposes, the total lease payment cannot be fully deducted; only the portion used for business can be claimed. For example, if a business owner uses a vehicle 75% for business and 25% for personal use, only the 75% of the lease payment can be deducted, while the personal use portion remains a non-deductible expense.