Mercedes-Benz Section 179 Tax Deductions
RECEIVE UP TO $28,900 IN TAX DEDUCTIONS*
Looking for another reason to get a Mercedes-Benz Van for your business? Along with advanced technology and impressive cargo and passenger space, you can get a Section 179 tax deduction of up to $28,900*— that’s tax savings of up to $6,069.* There’s your sign.
What business vehicles may qualify?
You may qualify if you:
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- Are a business that purchased or financed qualifying new or used business equipment, including certain business-use vehicles, during the 2023 tax year.
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- Put the equipment into service between January 1, 2023, and December 31, 2023.
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- Used this equipment for business purposes more than 50% of the time.
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- Spent less than $3,780,000 on this equipment.
How much could I deduct?
These are the limits:
- You cannot write off more than $1,160,000.
- The total amount of the equipment purchase cannot be more than $2,890,000. It phases out dollar-for-dollar after that, so once $4,050,000 is spent, the deduction goes away entirely.
Engineered to perfectly suit your professional needs, the Mercedes-Benz Sprinter and Metris vans for sale at Walter’s Mercedes-Benz Sprinter of Riverside are designed to go the extra mile for your Riverside area business every single day, just like you.
These exceptional vehicles are available in a variety of body styles, configurations, and heights to meet your business’ unique needs. The Mercedes-Benz van lineup includes: the Sprinter Cargo Van, Sprinter Passenger Van, Sprinter Crew Van, Sprinter Chassis-Cab, Metris Cargo Van, and Metris Passenger Van. Whether you’re looking for power and organization or style and seating for the Mercedes-Benz brand has you covered.
In addition to performing well under pressure, businesses can also take advantage of incredible opportunities when they invest in a Mercedes-Benz commercial van from our Riverside Van Center thanks to Section 179 tax savings and current offers.
These Mercedes-Benz Vans 179 tax deduction incentives give business owners a chance to deduct up to $28,900 of a qualifying vehicle from their business’s gross income during that tax year all at once, and may even enable them to deduct the full purchase price of their vehicle*. This can be especially helpful for businesses who want their tax savings immediately instead of receiving them over time through depreciation and provides many with the opportunity to purchase the fleet vehicles they need right away rather than waiting.
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Feel free to give us a call or contact us online at Walter’s Mercedes-Benz Sprinter of Riverside for more information or to learn how your business can qualify for our Mercedes-Benz vans 179 tax deduction incentives.
*Please consult your tax professional to find out if you qualify for the full amount
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*$6,069 tax savings based on 21% federal corporate tax rate and eligibility to claim full $28,900 IRS Section 179 tax deduction for qualified vehicles. Your tax rate and eligibility may vary. Please consult a tax professional for more information on your federal tax rate and potential tax savings available to you for qualifying purchases. This information does not constitute, nor is it intended to be, legal, tax, financial planning or investment advice and should not be relied upon as such.
$28,900 tax deduction for qualifying vehicles based on current Section 179 of U.S. tax code and maximum deduction permitted for such vehicles under Section 179. Vehicle must be purchased for business use. Please consult your tax professional for more information on applicability of deduction and whether you qualify for the maximum amount available. Please consult a tax professional for more information on your federal tax rate and potential tax savings available to you
for qualifying purchases. This information does not constitute, nor is it intended to be, legal, tax, financial planning or investment advice and
should not be relied upon as such.
For more details, visit www.mbvans.com/en/section-179-tax-deductions and www.irs.gov.
