Section 179 Mercedes-Benz Vans Tax Deductions

 
Section 179 Tax Savings
Section 179 of the IRS tax code offers significant deductions on qualifying business vehicles.

Contact

Mercedes-Benzof Grand Blanc

9099 Holly Road
Directions Grand Blanc, MI 48439

  • Sales: 810-695-4400
  • Service: 810-695-4400
What businesses qualify? 

You may qualify if you: 

  • Are a business that purchased or financed qualifying new or used business equipment, including certain-use business-use vehicles, during the 2021 tax year.
  • Put the equipment into service between January 1, 2021, an d December 31, 2021.
  • Used this equipment for business purposes more than 50% of the time. 
  • Spent less than $3,670,000 on this equipment. 
 
 


How much could I deduct? 
these are the limits: 

  • You cannot write off more than $1,050,000. 

  • The total amount of the equipment purchase cannot be more than $2,620,000. It phases out dollar-for-dollar after that, so once $3,670,000 is spent, the deduction goes away entirely. 


Section 179 tax highlights 

  • Section 179 allows qualifying businesses to deduct up to the full purchase price of certain new or used vehicles, equipment and/or software purchase or placed into service during the tax year.

  • To qualify, the percentage for business use of the vehicle, equipment or software must be more than 50%.
 
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