The Section 179 tax deduction lets you deduct all or part of the cost of your vehicle in the first year you use it for business, so long as it qualifies for the Section 179 deduction.
Generally speaking, the Section 179 tax deduction applies to passenger vehicles, heavy SUVs, trucks, and vans used at least 50% of the time for business-related purposes.
The Internal Revenue Service (IRS) breaks down the list of vehicles that qualify for Section 179 deduction into three primary groups: Light, Heavy, and Other. The allowable deduction differs for each group.
Any vehicle with a GVWR over 14,000 pounds (7 tons) OR a vehicle modified for nonpersonal use. Specifically:
Purchasing an Aristocrat Mercedes-Benz model for a business may qualify owners for a tax break, according to IRS Section 179.
In order to qualify, the vehicles must meet a specific weight requirement and be used for business purposes. Drivers who wish to take advantage of this tax break should consult with their tax professional to find out the full benefit the law holds for them.
The most important fact to remember as you consider this is that you must purchase your qualifying vehicle by December 31, 2023. Read on to find out which Aristocrat Mercedes-Benz vehicles qualify for tax credits.
We invite you to come in and see the entire selection of qualifying vehicles, and take advantage of twice the offers: our year-end offers and the Federal Government’s tax opportunities if you qualify.
To gather details on the qualifying models at Aristocrat Mercedes-Benz, drivers are encouraged to contact the dealership
Restrictions may apply. Please contact the dealer and a tax professional for full details. The information provided on this website does not, and is not intended to, constitute legal, tax or accounting advice or recommendations. All information prepared on this site is for informational purposes only, and should not be relied on for legal, tax or accounting advice. You should consult your own legal, tax or accounting advisors before engaging in any transaction.