Section 179 Tax Savings on Commercial Vehicles Florida

What Is the Section 179 Deduction?

The Section 179 deduction is a tax incentive that allows businesses to deduct some or all of the purchase price of qualifying equipment and vehicles from their gross income. This deduction is designed to encourage businesses to invest in themselves by purchasing the equipment and vehicles they need to grow and succeed. By allowing you to write off some, or all, of the cost, Section 179 can provide a significant tax break and improve your business’s cash flow in Fort Myers.

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Section 179 Vehicle Deductions

How Do Vehicle Purchases Qualify for the Section 179 Deduction?

To qualify for the Section 179 tax deduction, a vehicle must be used for business purposes at least 50 percent of the time and put into service the same year you claim the deduction. Light section 179 vehicles, or vehicles under 6,000 pounds, have a deduction limit of $12,400 for 2024. Heavy section 179 vehicles, or vehicles over 6,000 pounds and under 14,000 pounds, have a tax deduction limit of $30,500 for 2024.

Many types of vehicles can qualify, including:

  • Pickup trucks
  • Vans and shuttle buses
  • SUVs and crossovers
  • Certain heavy vehicles like tow trucks
Section 179 Tax Savings on Commercial Vehicles Florida

The Benefits of Section 179 for Your Business

By utilizing the Section 179 deduction for your commercial vehicle purchases, your business can experience significant tax savings and other benefits:

  • Immediate tax savings: deduct the partial cost of the vehicle from your business income taxes the first year.
  • Improved cash flow: save money on taxes to reinvest back into your business in Cape Coral.
  • Accelerate vehicle replacement cycle: replace vehicles more frequently to always have reliable, modern transportation.

Ram Commercial Vehicles That Qualify for Section 179

At Naples Chrysler Dodge Jeep Ram, we offer a range of commercial vehicles that may qualify for the Section 179 deduction, including the Ram ProMaster Cargo Van. The Ram ProMaster is a popular, versatile commercial van ideal for any business. With a choice of gas or diesel engine, a high roof option for easier cargo loading, and advanced safety features, the ProMaster can be upfitted to meet your specific needs in Bonita Springs.

Ram 2500 and 3500 pickup trucks may also be eligible. Ram’s heavy-duty 2500 and 3500 pickup trucks provide the towing and hauling capability your business requires. Multiple cab and bed configurations, powerful gas or diesel engine options, and a durable design make these trucks ready to tackle tough jobs.

Consult your tax professional to see if your vehicle purchase will qualify. The Section 179 deduction can provide a major tax advantage, but the specific rules may vary based on your unique situation.

Save on Your Business Vehicle Purchase in Naples, FL

Save big with the Section 179 tax deduction. If you need a commercial van, pickup truck, or other vehicle for your business, stop by Naples Chrysler Dodge Jeep Ram to explore our inventory. Our sales team can explain the potential tax benefits and help you find the ideal vehicle to qualify for savings. Naples Chrysler Dodge Jeep Ram is conveniently located in Naples, FL. View our commercial vehicle inventory online and contact us to schedule a test drive. We look forward to helping your business save with Section 179.