Section 179 Tax Benefits

Maximize Your Business Potential with Section 179 Deductions

Unlock greater financial flexibility for your business with the Section 179 deduction. This tax provision allows you to deduct up to 100% of the purchase price of qualifying vehicles from your business's annual taxes. To make the most of these valuable tax benefits, ensure that your vehicle is purchased and put into service by December 31, 2025. This significant tax incentive is designed to encourage businesses to invest in themselves by purchasing the equipment they need to grow. Section 179 can be extremely profitable for your business, allowing you to invest in equipment, vehicles, and software while retaining more of your tax dollars.
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For 2025, the Section 179 limits include:
2023 Deduction Limit
$1,250,000
- applicable for both new and used equipment, provided it is new to your business.
Passenger Vehicles
Deduction Limit
Certain vehicle types like pickups and heavy-duty SUVs weighing between 6,000 and 14,000 pounds may qualify for a first-year maximum deduction of $31,300.
Bonus Depreciation
40% for 2025
- applicable for both new and used equipment.
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What is the Section 179 Deduction?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

Section 179 is more beneficial to small businesses than ever. Today, Section 179 is one of the few government incentives available to small businesses and has been included in many of the recent Stimulus Acts and Congressional Tax Bills. Although large businesses also benefit from Section 179 or Bonus Depreciation, the original target of this legislation was much-needed tax relief for small businesses - and millions of small businesses are actually taking action and getting real benefits.