Learn About Tax Deductions on Your Work Truck in Latham, New York

 

Deduct up to 100% of your purchase price for eligible vehicles!

Businesses of all sizes may have an opportunity to save for 2018. It is now possible to deduct some or all of the purchase price on small sedans, small and large SUVs and RAM trucks and vans. Of course, you should consult with your tax professional prior to making any purchase to see how your business might take advantage of the tax rules for 2018.

 

For the lastest information about Section 179 tax deductions and how they may apply to you and your business, please refer to the IRS website at www.irs.gov. The information provided here is presented as a guide for you to investigate further.

 

 

• For GVWR over 6,000 lbs: With new bonus depreciation, all businesses can deduct up to 100% of purchase price for larger trucks, SUVs and vans with no per-vehicle limits of aggregate annual limits.

• For GVWR under 6,000 lbs: With new bonus depreciation, all businesses can deduct up to $18,000 of purchase price for coupes, sedans, small trucks and small SUVs.