Maximize Your Savings with Tax-Deductible Vehicles
At Seth Wadley, we understand that investing in a vehicle for your business can be a significant financial decision. That's why we offer a selection of vehicles that qualify for tax deductions, allowing you to save money while driving a reliable and efficient car. Whether you're a business owner or simply looking to take advantage of tax benefits, our knowledgeable team is here to guide you through the options available.
Section 179 Tax Deduction – Drive a Vehicle, Deduct the Cost
If you purchase a qualifying vehicle for business use before December 31, you may be eligible for a significant Section 179 tax deduction. Section 179 of the IRS tax code allows businesses to deduct up to 100% of the purchase price of qualifying vehicles used for business purposes—rather than depreciating them over several years. That means you can potentially write off the entire cost of a new work truck, van, or SUV this tax year.
How It Works
- The vehicle must be purchased and placed in service by December 31 of the current tax year.
- The vehicle must be used more than 50% for business purposes.
- The deduction applies to new or used vehicles that meet the weight and use requirements under IRS rules.
- Always consult with your tax professional or accountant to determine exact eligibility and limits based on your business.
Vehicles That May Qualify
- Heavy-duty pickups
- Large SUVs over 6,000 lbs. GVWR
- Commercial vans
- Chassis-cab and upfit vehicles
Certain passenger vehicles may also qualify for partial deductions depending on their gross vehicle weight and business usage.
Why Buy Before Year-End
Purchasing before December 31 ensures you can claim the deduction for this tax year—helping reduce your taxable income and improve your business cash flow. Many business owners use Section 179 to upgrade their fleet while lowering their year-end tax bill.
We Can Help
Our team can walk you through which vehicles on our lot qualify under Section 179 and provide documentation to share with your accountant.
Stop by or call today to review Tax-Advantaged Vehicle Specials before year-end.
Disclaimer:
This information is provided for general educational purposes and should not be considered legal or tax advice. Always consult your tax professional for advice specific to your situation.