Top of the line vans. Bottom line tax savings.
With Section 179 of the I.R.S. tax code, your business could deduct up to $25,900 - that's up to $5,439 in savings![1]
What business vehicle may qualify?

You may qualify if:

  • Are a business that purchased/financed qualifying new/used business equipment, including certain business-use vehicles, during the 2020 tax year.
  • Put the equipment into service between 1/1/20 and 12/31/20.
  • Used equipment for business purposes more than 50% of the time.
  • Spent less than $3,500,000 on equipment.
How much could I deduct?

  • You cannot write off more than $1,000,000.
  • The total amount of the equipment purchased cannot be more than $2,500,000.  It phases out dollar-for-dollar after that, so once $3,500,000 is spent, the deduction goes away entirely.

Section 179 highlights?

  • Section 179 allows qualifying businesses to deduct up to the full purchase price of certain new or used 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%.
  • Vehicles must be a crossover, SUV, or truck that isn't ordinarily used for daily personal transportation with a gross vehicle weight rating (GVWR) between 6,000 and 14,000 lbs.
Base MSRP excludes transportation and handling charges, destination charges, taxes, title, registration, preparation and documentary fees, tags, labor and installation charges, insurance, and optional equipment, products, packages and accessories. Options, model availability and actual dealer price may vary. See dealer for details, costs and terms.
  1. Mercedes-Benz of Southampton

    575 County Road 39
    Southampton, NY 11968

    • Sales: (631) 240-4103
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