IRS Tax Reductions
Maximize your business potential with Section 179.
Section 179 of the IRS tax code allows small and medium-sized businesses to deduct of up to the full purchase price of qualifying equipment bought or financed during the tax year it is placed into service. This incentive is designed to encourage businesses to invest in themselves by purchasing the equipment they need to grow.*
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What is Section 179 of the IRS Tax Code?
Section 179 is a tax incentive designed to encourage businesses to invest in equipment and vehicles essential for operations. Section 179 allows businesses to deduct the full purchase price of qualifying vehicles and equipment in the year they are placed into service. This deduction helps businesses save on taxes while upgrading essential assets for their operations.
Maximize Savings with Lexus
At Superstition Springs Lexus, we are committed to providing high-quality vehicles that meet the diverse needs of our customers. Select Lexus models that meet the weight and business-use criteria for Section 179 deductions can help you maximize your tax savings while enjoying the luxury, reliability, and advanced features of a Lexus. Contact us today to learn more about qualifying models, including the Lexus GX and LX.
Qualifying vehicles
Lexus models with a gross vehicle weight over 6,000 pounds qualify for the Section 179 tax deduction. Ask a Superstition Springs Lexus associate to confirm with a photo of the driver's side VIN tag.
Models shown here may not reflect all eligible trims.
*DISCLAIMER
The information provided here is for general informational purposes only and should not be considered tax advice. Superstition Springs Lexus and its representatives are not tax professionals. Please consult a licensed tax advisor or financial professional to determine your eligibility for Section 179 deductions and how they apply to your specific circumstances. Ultimately it is the buyer's responsibility to ensure the vehicle and business circumstances meet the criteria for Section 179 tax deductions.