Do you plan to purchase or finance a used truck or van for your business in Dover, DE? If so, you might be able to get a nice tax benefit. The Section 179 tax deduction lets you deduct all or part of the cost of your vehicle in the first year that you use it for business, so long as it qualifies.
The list of vehicles that can get a Section 179 Tax Write-Off include:
However, we always recommend that you speak to an accountant or tax professional since the IRS occasionally issues updates and guidance to rules relating to Section 179.
You can finance your used truck or van while taking a Section 179 deduction. This is an effective way to purchase your work vehicle and save on taxes. If your company is more than two years old with a good credit history, Section 179 qualified financing can help you save even more! Fill out our financing application to see if you qualify for an auto loan.
When looking for a heavy vehicle that qualifies for a Section 179 tax deduction, consider looking into a used truck or van. A pickup is a perfect workhorse for towing and tackling punishing terrain, while vans offer efficient cargo space and options to make loading easier. Both are great vehicle types to suit your business needs.