Section 179 Tax Savings
Your Dream Mercedes-Benz is Now Your Next Mercedes-Benz
It’s Real. Your business could deduct up to 32,000 in Section 179 deductions for 2026.
Section 179 Tax Savings
Section 179, a business tax code, is a useful tool that offers tax deductions on select business equipment – such as vehicles – as an alternative to asset depreciation. It gives you a chance to deduct up to $32,000* of a qualifying vehicle from your business’s gross income during that tax year.** In some cases you may even be able to deduct the full purchase price of your vehicle. (Please consult your tax professional to find out if you qualify for the full amount). It’s especially helpful for small businesses who want their tax savings right away, rather than receiving them bit by bit over time through depreciation. It gives many businesses the financial leeway to purchase vehicles they need right away, rather than waiting.Does My Business Qualify?
You may qualify if you:
Are a business that purchased or financed qualifying new or used business equipment, including certain business-use vehicles, during the tax year.
Used this equipment for business purposes more than 50% of the time.
Spent less than $4, 090,000 on this equipment.
What Are The Dollar Amount Limits?
These are the limits on claiming this tax savings:
You cannot write off more than $2,560,000.
The total amount of the equipment purchase cannot be more than $4,090,000. It phases out dollar-for-dollar after that, so once $4,090,000 is spent, the deduction goes away entirely.
Vehicles must be purchased for business use. Please consult your tax advisor. 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.irs.gov