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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