Section 179 Tax Savings

  

Your Dream Audi Is Now Your Next Audi.

It's Real. Your business could deduct up to $31,300 in Section 179 deductions.

Gross vehicle weight (GVWR) must be over 6,000 lbs GVWR. There are many Audi models that qualify for savings. Ask your dealer for details.
SHOP VEHICLES
Contact Us

Section 179 Tax Savings

Section 179, a business tax code, is a useful tool that offers tax deductions on select business equipment - such as vehicles - as an alternative to asset depreciation. It gives you a chance to deduct up to $31,300* of a qualifying vehicle from your business's gross income during that tax year.** In some cases you may even be able to deduct the full purchase price of your vehicle. (Please consult your tax professional to find out if you qualify for the full amount). It's especially helpful for small businesses who want their tax savings right away, rather than receiving them bit by bit over time through depreciation. It gives many businesses the financial leeway to purchase vehicles they need right away, rather than waiting.

Does My Business Qualify?

You may qualify if you:

  • Are a business that purchased or financed qualifying new or used business equipment, including certain business-use vehicles.
  • Used this equipment for business purposes more than 50% of the time.
  • Spent less than $3,130,000 on this equipment.

What Are The Dollar Amount Limits?

These are the limits on claiming this tax savings:

  • You cannot write off more than $1,250,000.
  • The total amount of the equipment purchase cannot be more than $3,130,000.

*$31,300 tax deduction for qualifying vehicles based on current Section 179 of U.S. tax code and maximum deduction permitted for such vehicles under Section 179. Vehicles must be purchased for business use. Please consult your tax advisor. This information does not constitute, nor is it intended to be, legal, tax, financial planning or investment advice and should not be relied upon as such.

**Tax savings based on 21% federal corporate tax rate and eligibility to claim full $31,300 IRS Section 179 tax deduction for qualified vehicles. Your tax rate and eligibility may vary. Please consult a tax professional for more information on your federal tax rate and potential tax savings available to you for qualifying purchases. This information does not constitute, nor is it intended to be, legal, tax, financial planning or investment advice and should not be relied upon as much. For more details, visit www.irs.gov