Attention Small Businesses!
Are you a small business and looking to purchase a new commercial vehicle? Then you can save money by taking advantage of the 2019 Section 179 Tax Deduction. Whether you're in the market for a heavy-duty truck or commercial van, you may qualify for the Section 179 Tax Deduction if you use your new commercial vehicle for commercial use for more than 50% of the time. Read below for more information about Section 179 Deduction and how you can save on your new commercial vehicle.
What is the Section 179 Deduction?
The Section 179 IRS tax code allows businesses to deduct the full purchase price of qualifying equipment, such as commercial vehicles, that are purchased or financed during the tax year. Section 179 was created with the small business in mind, to encourage them to invest in themselves and help expand their business. The deduction limit for 2019 is $1,000,000 and the deduction is available to all small business that spend less than $3,500,000 during the tax year.
Qualifying Vehicles for Section 179 Deduction
| Expense Up To 100% Of The Purchase Cost In The First Year (Up To The $1,000,000 Aggregate Dollar Limitation) | Up To $25,000 Of The Purchase Cost In The First Year |
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Visit Tri-City CDJR for Your Commercial Vehicle Needs!
Here at Tri-City, we are committed to providing you with a wide selection of commercial vehicles at an affordable price to help you build your business. With the addition of the Section 179 Tax Deduction having a $1,000,000 limitation this year, it's the perfect time to come in and invest in your business. Check out our New Commercial Inventory below, or visit our Truck Center to see what other services we offer!
Have Questions About The Section 179 Tax Deduction? Contact Us!
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