Section 179 Small Business Incentives
2024 Section 179 Tax Savings
When you opt for a Mercedes-Benz Sprinter Van or Metris Van, you have the chance to deduct up to $30,500* on a qualifying vehicle from your business’ gross income during a tax year all at once. In some instances, businesses may be able to deduct the full price of a vehicle. If you’re interested in upgrading your day-to-day logistics with a Mercedes-Benz Sprinter Van, you may be able to participate in national programs like Section 179 tax savings.
For 2024, the deduction limit is $1,220,000, with a total equipment spending cap of $2,890,000. The specific deduction amount for each vehicle depends on its total cost and the business use percentage (business use must be at least 50%).
Find out if you qualify for the Section 179 Tax Incentive or other available programs by calling us at 844-479-7571 today!
Do Your Business Vehicles Qualify?
Your business may qualify to take part in Section 179 tax savings if you meet any of the following criteria:
- Your business purchased or financed qualifying new or used business equipment, including business-use vehicles, during the 2024 tax year.
- Put this equipment into service between January 1, 2024 and December 31, 2024.
- It must be used in your business or income-producing activity.
- It must be expected to last more than 1 year.
- Used this equipment for business purposes more than 50% of the time
- Spent less than $2,890,000 on equipment
- Heavy SUVs*, pickups, and vans (over 6,000 lbs. GVWR, more than 50% business-use)
Learn More from Mercedes-Benz of Brooklyn
If you have questions about purchasing a Mercedes-Benz Sprinter van or tax-related incentives, contact us online at Mercedes-Benz of Brooklyn.