Section 179 Tax Deduction Savings in Indiana
Small-business owners who shop at 24/7 Cars will find that we’re dedicated to helping companies maximize their investments with smart vehicle purchases. Take advantage of the Section 179 tax deduction, which allows businesses to deduct up to the full purchase price of qualifying used vehicles on their annual taxes.
Whether you visit one of our used car dealerships in Goshen, Warsaw or Larwill, you’ll discover a vast selection of used vehicles that suit your business needs while providing substantial tax benefits. Let us help you get the keys to the used truck or commercial van your business needs to go to the next level!
2025 Section 179 Deduction Limits
The Section 179 tax deduction is designed to empower small businesses by enabling them to write off the cost of qualifying equipment, including used vehicles, up to $1,250,000 with a spending cap of $3,130,000 for the 2025 tax year. It’s these caps that make the Section 179 deduction truly catered toward small- to midsized businesses.
Additionally, a 40% Bonus Depreciation is available to further enhance your savings. This deduction encourages reinvestment, helping businesses grow while managing costs effectively.
Eligible Used Vehicles for Section 179
Explore our diverse inventory of used vehicles that qualify for Section 179 deductions at 24/7 Cars. Work-centric, single-use vehicles are eligible for up to a 100% deduction. Heavy SUVs and trucks with over a 6,000-pound GVWR, meanwhile, are eligible for up to $31,300 deduction. Lighter vehicles are also eligible for these tax savings so long as they’re used for business purposes at least 50% of the time, though with a smaller deduction cap.
Some popular vehicles that qualify for Section 179 savings include:
- Ford F-150
- GMC Sierra 1500
- Ram 1500
- Toyota Tundra
- Chevy Silverado 1500
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And many more!
Claim Section 179 Tax Savings in Indiana
To capitalize on this strategic tax incentive, purchase and put your qualifying used vehicle into service by December 31, 2025. Contact 24/7 Cars to speak with one of our experienced auto financing experts for more details, then stop by our Larwill, Goshen or Warsaw used car dealer to browse our inventory. We look forward to assisting you in making a smart investment for your company’s future!
More Resources: Why Finance a Used Car? | Why Buy from Us?