Do I Qualify for the Section 179 Deduction?
If you run a business, you know the importance of saving every penny possible. One way you can save is by using Section 179 vehicles. This term may be foreign to you, so our team at Sullivan Brothers Nissan is here to tell you about these Nissan models. Read on to learn more about them and how they help you save!
What Are Section 179 Vehicles?
Section 179 vehicles are vehicles that are used mainly for business needs. If you can prove that a vehicle was used more than half of the time for business functions, you can get a tax write-off.
Does My Nissan Vehicle Qualify for Section 179?
To qualify, the vehicle must be used primarily for work. If you are a business owner who sometimes uses your 2023 Nissan Kicks to visit clients or a parent earning a few extra dollars through a ride-share service, but you also use that vehicle to pick up your kids from school or haul groceries, it’s unlikely to qualify as a work vehicle.
Section 179 Criteria
First, a word of caution: just like you wouldn’t want your accountant servicing your Nissan Titan, your Nissan dealer isn’t the first person to consult for tax advice, so always check with a professional. That said, these guidelines are a good starting point in determining eligibility.
- If a vehicle does not have any passenger seating, it qualifies easily. Special-use vehicles like a hearse, limousine, or ambulance can also be eligible.
- Typically, a vehicle needs to weigh less than 6,000 lb to qualify; however, heavy SUVs, pickup trucks, and vans that exceed that weight limit but are mainly used for work purposes can get a partial write-off.
- Nissan vehicles that can qualify include but are not limited to the Nissan Armada, Nissan NV 1500, Nissan NVP 3500, and Nissan Titan.
Make sure you speak with your tax professional about Section 179 vehicles. If you’re looking for commercial vehicles near Plymouth, MA, start by visiting Sullivan Brothers Nissan!