What Is the Section 179 Tax Deduction?
The Section 179 Tax Deduction is a fantastic opportunity for businesses to save on their investment when purchasing a Mercedes-Benz vehicle. This tax incentive allows you to deduct the cost of qualifying vehicles, making it easier to add a touch of luxury and efficiency to your business operations.
How Can Section 179 Benefit Your Business?
With Section 179, you may be able to deduct the cost of qualifying new or pre-owned Mercedes-Benz vehicles purchased for business use. This deduction can help you invest wisely, reducing your taxable income while upgrading your business fleet.
Which Mercedes-Benz Vehicles Qualify for Section 179?
Certain Mercedes-Benz vehicles are eligible for the Section 179 tax deduction. Here are some popular options that may qualify:
Mercedes-Benz Sprinter Vans:
Known for their spacious cargo and passenger capacity, perfect for various business needs. (GVWR 9,050 to 12,120 lbs.)
- 2500 Sprinter Cargo Van
- 3500 Sprinter Cargo Van
- 2500 Sprinter Passenger Van
- 2500 Sprinter Crew Van
Other Options:
- GLE 350 4MATIC®: 6,217 lbs
- GLE 450 4MATIC®: 6,614 lbs
- AMG® G 63 4MATIC® SUV: 6,724 lbs
- GLS 580 4MATIC®: 6,768 lbs
- GLS 600 4MATIC®: 6,768 lbs
- G 550 4×4 Squared: 7,057 lbs
Note: Please consult with your tax advisor or accountant to determine which vehicles qualify and how to take full advantage of this tax benefit.
Important Requirements for Section 179 Deduction
To take advantage of the Section 179 deduction, keep these key requirements in mind:
- The vehicle must be used for business purposes over 50% of the time.
- It must be purchased and put into service during the current tax year.
- Eligibility depends on IRS guidelines, which can change annually.
Why Choose Mercedes-Benz of Northern Arizona?
At Mercedes-Benz of Northern Arizona, we’re committed to helping you make the most of your business investment. Our knowledgeable team is here to guide you in selecting a vehicle that not only suits your needs but also qualifies for the Section 179 Tax Deduction.