With The Section 179 Deduction Business Owners Can Write Off $25,000!Â
What is Section 179?Â
Allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year.
Who Qualifies for Section 179?
All businesses that purchase, finance, and/or lease less than $200,000 in new or used business equipment during tax year 2019. Not all business vehicles qualify for the same deductions! Let the experts at Busam Nissan put you in the right vehicle that makes financial sense for your business.
What Vehicles Qualify?
The rules for vehicles which qualify for Section 179 are very specific. For example: Business Vehicles with a gross vehicle weight in excess of 6,000 lbs. do qualify. Certain passenger vehicles have a total depreciation deduction limitation of $11,060. Vehicles not likely to be used more than a minimal amount for personal purposes qualify for full Section 179 deduction.
​Section 179 can be advantageous in buying vehicles for your business, especially if you lease or finance. Contact our Commercial Vehicle Specialists at (888) 214-2507 to see how one of our commercial vehicles can save you up to $25,000.
*This limit is only good for 2019, and the equipment must be financed/purchased and put into service by the end of the day, 12/31/2019. Source: https://www.section179.org/section_179_deduction/Â Â
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