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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.
Meet the sales team at Baker Motor Company of Charleston, where our dedicated staff is ready to provide assistance with all your Mercedes-Benz sales and finance inquiries. Our knowledgeable professionals are committed to delivering a personalized and seamless experience, ensuring you find the perfect Mercedes-Benz vehicle to match your preferences and lifestyle. Whether you have questions about the latest models, lease or financing options, or special features, our team is here to guide you every step of the way. Trust the expertise of our staff members, who are sales certified with Mercedes-Benz and well versed in Mercedes-Benz vehicles, financing plans, and exclusive offerings. For the best assistance in the world of Mercedes-Benz, turn to the seasoned experts at Baker Motor Company of Charleston. Your satisfaction is our priority, and we look forward to assisting you with your automotive needs.