Commercial Vehicle Tax Benefits

SAVE ON YOUR FLEET VEHICLES WITH SECTION 179 IRS TAX BENEFITS

Business owners can save on their next fleet vehicle with Section 179 of the IRS code. When purchasing a vehicle primarily for business use, you can take advantage of tax savings immediately, even before you've paid off the loan. Section 179 helps small to medium business owners acquire the vehicles they need to run their businesses and helps increase profits by making business vehicles more attainable overall. Qualifying for Section 179 is as easy as purchasing a vehicle, using it for your business needs, and filling out a simple form when you file your taxes.

HOW TO QUALIFY
FOR A SECTION 179 DEDUCTION


It's simple to qualify for a Section 179 deduction. Purchase your fleet vehicle and start using it immediately for your business needs. When you write off the purchase price for your fleet vehicle, you can save on depreciation costs by enjoying the benefits of using the vehicle for your business and earning tax savings before you have paid off the loan.  When it's tax season, you'll need basic information to fill out the Form 4562, which includes:

  • Total purchase price
  • Date you started using the vehicle for your business
  • Purchase receipt
  • Total income for the year
  • How you use the vehicle and percentage of business use vs. non-business use
  • Records of use such as mile logs

  • Let your tax preparation specialist know you purchased vehicles for your business so you can write off the total price for your deduction and submit the proper form.


    GET YOUR NEXT FLEET VEHICLE
    AT JO-DAN BUICK GMC


    Any vehicles you use for business purposes that don't double as a personal vehicle qualify for Section 179. That means any of our vehicles can work for your business needs, and you can enjoy savings by taking a deduction on the full purchase price. At Jo-Dan Buick GMC, we have all kinds of vehicles available for your business. From people movers to heavy-duty construction-capable work trucks, check out our inventory to find your next fleet vehicle.

    1. Jo-Dan Buick GMC

      4230 BIRNEY AVENUE
      MOOSIC, PA 18507

      • Sales: (570) 589-0148
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    • Contact our Sales Department at: (570) 589-0148
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