As a business owner, you're always looking for ways to save money and reduce your tax liability. One of the best ways to do that is by taking advantage of Section 179 benefits when purchasing vehicles for your business.
What is Section 179?
Section 179 allows businesses to deduct the full purchase price of qualifying equipment or software purchased or financed during the tax year. When you lease or buy a qualifying vehicle, you can deduct the full purchase price from your gross income. The Section 179 deduction is especially beneficial for businesses looking to purchase vehicles. In many cases, the entire cost of a qualifying vehicle purchase can be written off on a tax return.
What Vehicles Qualify for the Section 179 Deduction?
Many types of vehicles can qualify for the Section 179 deduction, including:
- Vehicles that can seat nine-plus passengers behind the driver's seat, such as shuttle vans or passenger vans
- Vehicles with a fully enclosed driver's compartment/cargo area, no seating behind the driver's seat, and no body section protruding more than 30 inches ahead of the leading edge of the windshield (i.e. some pickups and cargo vans)
- Heavy construction vehicles
Robbie Roberson Ford Can Help Your Business Save with Section 179
At Robbie Roberson Ford in Waycross, GA, we specialize in helping businesses maximize their tax savings with Section 179 deductions. Our knowledgeable sales team can help you select eligible vehicles for your business needs and budget.
Waycross, GA is home to many thriving businesses that can benefit from Section 179 deductions on qualifying vehicle purchases from Robbie Roberson Ford. Business owners in Baxley or Blackshear can also turn to Robbie Roberson Ford for assistance in selecting vehicles eligible for full deduction under Section 179 guidelines.
Get Started Today!
Contact Robbie Roberson Ford today to learn more about how we can help your business save with Section 179 tax deductions near Folkston and Jesup, GA. Our friendly, knowledgeable team is standing by to assist you!