Section 179 Tax Deduction near Los Angeles, CA
Small- to medium-sized businesses in Greater Los Angeles and beyond can save on the reliable fleet vehicles they need with the Section 179 tax deduction. The Section 179 savings apply to GMC work trucks and vans, as well as the Buick SUVs for sale at Reynolds Buick GMC. That means you’ll have the opportunity to write off up to 100% of the purchase price on a new or new-to-you vehicle,1 as long as it’s used for business purposes. If giving your small business financial relief and increasing productivity interest you, come speak with the GM financial specialists at our Buick and GMC dealership near Los Angeles about Section 179 requirements today!
2022 Section 179 Tax Deduction Details
- Total annual deduction: Up to $1,080,000
- Bonus Depreciation: 100%
- Vehicle must be delivered and put into service by 12/31/2022
- Section 179 deduction limit of $11,160 for cars (including Bonus Depreciation)
- Section 179 deduction limit of $11,560 for trucks and vans (including Bonus Depreciation)
2022 Section 179 Vehicle Requirements
- New or new-to-you (pre-owned qualifies)
- Purchased, not leased
- Used for business purposes at least 50% of the time
- Delivered and put in service before December 31, 2022
Vehicles Eligible for Section 179
Which new GMC trucks qualify for Section 179? Are Buick models eligible for tax savings? Get all your questions answered at our West Covina dealership. For a full list of eligible models, chat with our CA Buick dealer today! Some of our most popular commercial trucks, work vans and large SUVS that qualify for the Section 179 tax deduction include:
- GMC Savana models
- GMC Sierra models
- GMC Yukon
- GMC Canyon
- Buick Encore
- Buick Encore GX
- Buick Envision
- Buick Enclave
Contact Reynolds Buick GMC to make the most of tax season. We’ll help you secure Buick financing, shop our GMC truck prices and discover how you can claim Section 179 rebates at our Greater LA car dealership. Ask about used car Section 179 tax deductions to help your business flourish!
1 See dealer for details.