As a business owner, you're always looking for ways to save money and reduce expenses. One of the best opportunities to do that is by taking advantage of Section 179 of the IRS tax code when purchasing qualifying equipment and vehicles for your company. If you need a versatile, reliable commercial SUV, there are Mercedes-Benz vehicles eligible for Section 179 tax deductions.
What exactly is Section 179? In a nutshell, it allows businesses to deduct the full purchase price of qualifying equipment and vehicles, up to certain limits, on their taxes for the current year. This provides an immediate tax break and improves cash flow, rather than depreciating the cost over multiple years. Many vehicles, under different categories, qualify for these substantial tax savings. Depending on the category a vehicle falls under, the savings and benefits will vary.
While the top Section 179 tax savings and benefits are for purely commercial vehicles, there are still some SUVs that can qualify if they are used for over 50% for your business. SUVs that can qualify must have a GVWR of over 6,000 pounds. This lineup includes the Mercedes-Benz GLS 580 4Matic®, Mercedes-Benz GLS 600 4Matic®, and Mercedes-Benz G 550 4x4. There may be other Mercedes-Benz models that fall under this category, so ensure you speak with our knowledge team. Remember, the benefits for non-commercial SUVs will be lower, yet still substantial.
As an authorized Mercedes-Benz Vans dealer, Mercedes-Benz of Encino has a wide selection of vehicles to help your business maximize its Section 179 tax savings. Our expert sales team can help you find the ideal model and configuration that best suits your needs. We proudly serve the commercial vehicle needs of the greater Los Angeles area. Visit us to learn more about how your business can save with the exceptional Mercedes-Benz lineup of vehicles.
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