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SECTION 179 TAX SAVINGS

RECEIVE UP TO $25,000 IN TAX DEDUCTIONS

Section 179, a business tax code, is a useful tool that offers tax deductions on select business equipment – such as vehicles – as an alternative to asset depreciation. It gives you a chance to deduct up to $25,000 of a qualifying vehicle from your business’s gross income during that tax year—all at once. In some cases you may even be able to deduct the full purchase price of your vehicle. (Please consult your tax professional to find out if you qualify for the full amount). It’s especially helpful for small businesses who want their tax savings right away, rather than receiving them bit by bit over time through depreciation. It gives many businesses the financial leeway to purchase vehicles they need right away, rather than waiting.

Does My Business Qualify To Get This Deduction?

You may qualify if you:

  • Are a business that purchased or financed new or used business equipment—including business-use vehicles—during the 2019 tax year
  • Put this equipment into service between January 1, 2019 and December 31, 2019
  • Used this equipment for business purposes more than 50% of the time
  • Spent less than $3,500,000 on this equipment
 

What Are The Limits On Claiming This Tax Savings?

The limits are:

  • You cannot write off more than $1,000,000
  • The total amount of the equipment purchased cannot be more than $2,500,000. It phases out dollar-for-dollar after that, so once $3,500,000 is spent, the deduction goes away entirely.

Which Mercedes-Benz Vehicles Qualify?

Thanks to Section 179, you can enjoy a tax write-off on the efficient yet heavy-duty vehicle you need to earn a living. Fortunately, you needn’t look any further than the Mercedes-Benz lineup for the ideal addition to your business. The Sprinter is offered in Cargo and Passenger Van variations, as well as a Cab Chassis, while plenty of Mercedes-Benz SUVs meet Section 179’s 6,000- to 14,000-pound GVWR requirement. Whether you’ve got your eye on the vigorous GLS and GLE SUVs, the tried-and-tested G-Class SUV, or the ultra-customizable Sprinter family, you can receive a business tax deduction of up to $25,000!*

Take Advantage Today!

Inquire about Section 179 Tax Exemption

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69 Hobron Ave • Kahului, HI 96732

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Mercedes-Benz of Maui

69 Hobron Ave Kahului, HI

Phone:

https://www.google.com/maps/place/Mercedes-Benz+of+Maui/@20.8922676,-156.4621027,15z/data=!4m5!3m4!1s0x0:0xdab905d3c05eac38!8m2!3d20.8922676!4d-156.4621027

Sales

Phone: 808-872-1500

69 Hobron Ave Kahului, HI

Service

Phone: 808-872-1520

69 Hobron Ave Kahului, HI
-156.4621027 20.8922676
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Mercedes-Benz of Maui
Mercedes-Benz of Maui
69 Hobron Ave
Kahului, HI, 96732 Hawaii
https://www.mbofmaui.com/wp-content/themes/DealerInspireDealerTheme/images/logo.png
Mercedes-Benz of Maui -156.4621027, 20.8922676.