What Is the Section 179 Tax Deduction?
The Section 179 tax code is a deduction created by the U.S. government to help small businesses invest in themselves. It allows a business to write off up to the full price of equipment that's used for business purposes, so long as it's put into service by end of day on December 31, 2024.
Many Massachusetts businesses have been able to use the Section 179 tax deduction to save when they purchase vehicles such as cargo vans, work trucks and other cars. Learn more about the Cadillac Section 179 tax write-off, then stop by our Cadillac dealership near Norwood, MA, to buy a luxurious new vehicle for your local business.
Many Massachusetts businesses have been able to use the Section 179 tax deduction to save when they purchase vehicles such as cargo vans, work trucks and other cars. Learn more about the Cadillac Section 179 tax write-off, then stop by our Cadillac dealership near Norwood, MA, to buy a luxurious new vehicle for your local business.
What Vehicles Are Eligible for Section 179?
Whether you're interested in a new or used vehicle, it may be eligible for the 2024 Section 179 tax deduction -- what's important is that the vehicle is new to you. Most work-centric vehicles are eligible for the full deduction -- such as shuttle vans, classic cargo vans and other heavy equipment or "singular use" vehicles (like an ambulance or hearse).
Does the Cadillac Escalade qualify for Section 179? Yes, it does. Heavy SUVs with a GVWR between 6,000 and 14,000 pounds and that are used for business purposes at least 50% of the time are eligible for a max deduction of $28,900. So, you can partially write off a Cadillac Escalade.
The Cadillac vehicles eligible for partial Section 179 tax deductions in 2024 include:
Does the Cadillac Escalade qualify for Section 179? Yes, it does. Heavy SUVs with a GVWR between 6,000 and 14,000 pounds and that are used for business purposes at least 50% of the time are eligible for a max deduction of $28,900. So, you can partially write off a Cadillac Escalade.
The Cadillac vehicles eligible for partial Section 179 tax deductions in 2024 include:
- Cadillac Escalade
- Cadillac Escalade ESV
- Cadillac Escalade Platinum
- Cadillac Escalade ESV Platinum
