Calling All Bay Area Business Owners: Take Advantage of Potential Tax Savings on Qualifying New Mercedes-Benz Models Under Section 179
Small businesses throughout the East Bay can look to take advantage of tax deductions on a Mercedes-Benz vehicle set aside for company use. There are tax breaks for qualifying Mercedes-Benz vehicles - opening the door to premium transportation that many small business owners desire. From Sprinter Van models to select Mercedes-Benz SUVs, there are tax deductions to help grow your business. Preserve the cash flow of your small business with these immediate tax benefits. Purchase or lease an eligible vehicle from Mercedes-Benz of Walnut Creek and grab ahold of these potential tax savings via Section 179.
What Is Section 179?
Section 179 is an immediate expense deduction under the tax code. Tax Code 179 offers a way to offset expenses while growing a business. Invest in a vehicle or equipment through a tax deduction. Whether you buy or lease a qualifying Mercedes-Benz vehicle, the tax deduction must be claimed in the first year of purchase. You're able to write off a portion of the purchase price if the vehicle is driven for business use at least 50 percent of the time.
To qualify for any tax deduction, a Mercedes-Benz vehicle must have a GVWR (Gross Vehicle Weight Rating) of at least 6,000 pounds. Any tax deduction must not exceed the net taxable income of the business. Make the profitable business decision by upgrading to an eligible Mercedes-Benz vehicle with assistance from Tax Code 179. Shop with our Bay Area Mercedes-Benz dealer to take advantage of this unique tax credit.
