Do you plan to purchase or finance a new or used vehicle for your small 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 type of vehicles that can be considered for 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 new and used SUV, truck, or van while taking a Section 179 deduction. An effective way to purchase the work vehicle you need 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 Honda vehicle that qualifies for a Section 179 tax deduction, consider looking into a new or used Honda Odyssey. A spacious Van that has 158 cubic feet of cargo space, with removable 2nd-row seats. Perfect for service area businesses looking to haul a decent amount of cargo.