Big Tax Break Big Tax Break

DEDUCT UP TO 100% OF PURCHASE PRICE FOR ELIGIBLE VEHICLES


The Section 179 deduction is an effective tool to maximize your company’s financial flexibility. A part of the IRS tax code, Section 179 allows businesses to deduct the full purchase price of qualifying equipment bought or financed during the tax year. This significant tax incentive is designed to encourage businesses to invest in themselves by purchasing the equipment they need to grow, while also reducing their tax liability. Section 179 can be extremely profitable for your business, allowing you to invest in equipment, vehicles, and software while also keeping more of your hard-earned money.

The Section 179 deduction for 2025 is $2,500,000, which is an increase from 2024’s limit of $1,220,000. This means U.S. companies can deduct the full purchase price of all qualified equipment purchases, up to the limit of $2,500,000. In addition, the total equipment purchase limit has been raised to $4,000,000, after which the deduction begins to phase out dollar for dollar.

The deduction can include both new and used equipment acquired and put into service between 1/1/2025 and 12/31/2025. In addition to these limits, businesses can also take advantage of 100% bonus depreciation on both new and used equipment for the entirety of 2025.

Take Advantage Today

TAKE ADVANTAGE TODAY

There has never been a better time to buy a new vehicle for your business! The qualifying vehicle must be purchased and placed into service between January 1, 2025 and December 31, 2025.

Other Conditions

OTHER CONDITIONS

The vehicle must be used at least 50% for business in order for it to follow under the Section 179 deduction. Use the Section 179 tax deduction calculator to multiply the cost of the business vehicle you purchase by the percentage of business-use to arrive at the monetary amount.

FIND OUT MORE

Speak to your tax professional today to see how Section 179 can help you. For more information visit https://www.section179.org/ or contact one of our team members.



The tax incentives are available for depreciable tangible property that is acquired by purchase for use in the active conduct of a trade or business. Additional limitation based on purchases. Certain vehicles, models, and restrictions apply. Each individual’s tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation, deduction, and tax benefits. For more details, visit irs.gov or https://www.section179.org/.