Section 179
Section 179
DO YOU NEED A BUSINESS TAX BREAK FROM YOUR LOCAL VAN NUYS MASERATI DEALER?
Under Section 179 of the IRS tax code, there is a break for business owners. As the IRS changes its code you should always check with your tax advisor to get the full benefits of Section 179. The basic understanding is “Section 179 of the tax code allows business taxpayers may deduct the cost of a specific property as an expense when it is first placed in service” That property would be a vehicle.
HOW CAN A MASERATI HELP YOUR BUSINESS COSTS?
Specifically, any vehicle over 6,000 gross vehicle weight rating but not more than 14,000 Ibs is eligible, which includes the Maserati Levante from Van Nuys Maserati whose class weight comes in at 6,116 Ibs. Hefty enough, yet stylish, and debonair. It is the perfect vehicle to impress a client upon arrival and show your success subtly, or escort a potential client to lunch to close the deal.
VEHICLES THAT ARE ELIGIBLE ARE AS FOLLOWS:
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Levante GT / Modena / Modena S GWWR: 6,116 pounds
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Levante Trofeo GWWR: 6,228 pounds
HOW MUCH OF A DEDUCTION?
Check with your accountant or tax advisor, but the code notes that with a qualifying tax vehicle weight, a business can take advantage of a deduction of up to $25,000. Do you require more reasons to get a Maserati? Call your tax advisor now.
There are many clauses and disclaimers to note, such as, the tax break is only good in the year the vehicle is put into service, but you get the idea. There is a tax break. Talk to your advisor about it, and then come see us at Van Nuys Maserati, and take a test drive of a vehicle that can be your MVP in closing a deal, or keeping one.
HAVE QUESTIONS? CALL VAN NUYS MASERATI TODAY!
At Van Nuys Maserati, we make vehicle service and repair easy. Call 818.658.1340 to book your vehicle service today and allow our certified team of manufacturer specialists to ensure your vehicle is properly cared for.