Section 170 Tax Savings near Wareham, MA
What Is the Section 179 Tax Deduction?
If you own a local business in Massachusetts or across New England, you may want to upgrade your fleet of vehicles while taking advantage of the Section 179 tax savings. The Section 179 tax code is a way to help small- and medium-sized businesses invest in themselves, making it easier to write off up to the full purchase price of qualifying vehicles when they're put into service for business purposes. Learn more about the Section 179 tax deduction, then stop by our Nissan dealership near Wareham, MA, to buy a new, used or Certified Pre-Owned Nissan!
What Vehicles Are Eligible for Section 179?
Whether you buy a new or used Nissan near Wareham, MA, it'll qualify for the Section 179 tax deduction. What's important is that the vehicle is new to you. In order to qualify, a vehicle must either be a classic cargo van with no seating behind the driver's seat, or a passenger van that can seat nine or more passengers behind the driver. Other Nissan SUVs and sedans can be eligible for the Section 179 expense so long as they're used for business more than 50% of the time.
Some Nissan models that can be eligible for Section 179 savings include:
- Nissan TITAN or TITAN XD
- Nissan Frontier
- Nissan Rogue or Rogue Sport
- Nissan Murano
- Nissan Pathfinder
- Nissan Armada
- Nissan NV Passenger Van
- Nissan NV Cargo Van
Let us know if there's a specific Nissan commercial vehicle you'd like to purchase at our nearby Nissan dealer!
How Does Section 179 Work?
New and used Nissan models purchased or leased during the 2021 tax year are eligible for the Section 179 tax deduction. This allows you to write off up to the full purchase price of the vehicle for the same tax year it was purchased. If a vehicle isn't used for business purposes 100% of the time, the amount you can deduct will be affected. If you have questions about using an online Section 179 calculator or want to learn more about Section 179 tax savings, don't hesitate to contact Mastria Nissan.
The Section 179 deduction limits for 2021 are as follows:
- $11,160 for cars, including Bonus Depreciation
- $11,560 for trucks and vans, including Bonus Depreciation
- Certain SUVs with a gross vehicle weight rating between 6,000 and 14,000 pounds qualify for up to a $25,000 deduction, including Bonus Depreciation