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Section 179 of the I.R.S. tax code offers significant deductions on qualifying business vehicles.
Section 179 allows qualifying businesses to deduct up to the full purchase price of certain new or pre-owned vehicles, equipment and/or software purchased and placed into service during the tax year.
To qualify, the percentage of business use for the vehicle, equipment or software must be more than 50%.
*$27,000 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.
**$5,670 tax savings based on 21% federal corporate tax rate and eligibility to claim full $27,000 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.
Offer valid through December 31, 2022.
Contact a tax professional to learn more.
When considering the purchase of a Mercedes-Benz, you deserve nothing less than the best guidance and expertise. The sales team at Baker Motor Company of Charleston can be your gateway to a world of Mercedes-Benz luxury. Our dedicated sales professionals are Mercedes-Benz Certified and bring unparalleled knowledge of Mercedes-Benz vehicles and their competitors. They are well-versed in leasing, financing options from Mercedes-Benz Financial Services as well as other lenders, and incentives, ensuring that you find the perfect solution for your needs. Whether you’re in search of a new Mercedes-Benz, Mercedes-AMG®, Mercedes-EV, Mercedes-Maybach, a Mercedes-Benz Certified Pre-Owned vehicle, or exploring our pre-owned inventory, our sales team is here to provide you with the insights and