LuvireMedia Newsletter
Discover how Georgia LLCs can use Section 179 to deduct the full price of
business vehicles this year.
Section 179: The Small Business Cheat Code
If you run a Georgia LLC, there is a tax rule you need to
know about before buying your next business vehicle. It’s
called
Section 179
, and it allows you to deduct the
full purchase price
of qualifying equipment in the exact same year you put it
into service.
Instead of writing off a new Sprinter or Transit van
little by little over five years, you can take the massive
deduction upfront. The result? You keep significantly more
cash in your business to fuel your growth.
The Magic Number: 6,000 lbs GVWR
To unlock the heaviest deductions, your vehicle must have
a
Gross Vehicle Weight Rating (GVWR) over 6,000 pounds
. Heavy SUVs, pickup trucks with 6+ foot beds, and cargo
vans with no rear passenger seating fit this bill
perfectly. Always check the sticker on the driver’s side
door jamb before you buy.
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Tax-Season Readiness Checklist
Keep clean records so your CPA can maximize this
deduction without raising any red flags with the IRS.
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Track Your Mileage
The vehicle must be used
more than 50%
for business purposes. Keep a strict mileage log
to prove it.
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Placed in Service
Buying the van isn't enough. It must be actively
used for your business by December 31st of the
tax year.
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Verify the GVWR
Don't guess the weight. Check the official
Federal certification label on the driver's side
door jamb.
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File Form 4562
Save your purchase agreements and invoices. Your
CPA will need them to file IRS Form 4562 and
claim the deduction.
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