369 N 11th Ave Hanford, CA 93230-4511
With tax season in full swing, it is important to look at the tax benefits of Section 179. Section 179 encourages businesses to invest in themselves by purchasing vehicles and equipment. With the benefits Section 179 brings, your small business can grow and thrive.
There are many benefits to Section 179, including the ability to write off the cost of these vehicles all at once. Businesses can write off much of the cost of these vehicles and equipment in the current tax year, significantly improving cash flow and boosting the bottom line. The Section 179 deduction limit in 2026 is $2,560,000. There is also a Phase-Out Threshold of $4,090,000 and a Full Phase-Out of $6,650,000. These deductions can help businesses build their fleet, gather enough equipment, and help round out their team's tools and rides. Reduce tax liability and invest in your business with Section 179.
Beyond Section 179, buyers can use the Vehicle Interest Deduction to help keep costs down for new vehicles. This is a federal tax incentive for buyers of 2025-2028 vehicles assembled in the United States. Deduct up to $10,000 in auto loan interest, lowering the overall cost of ownership.
If you want or need to learn more about these tax incentives and deductions, or see what else is available, you can talk to us. We are experts in our field and have the knowledge and resources you need. We can walk you through each incentive and show you how to best take advantage of it. Feel free to call us, but do not hesitate to visit us if you prefer to speak face-to-face. Just request a meeting with one of our expert team members.
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369 N 11th Ave
Hanford, CA 93230-4511