It's important to note that only new or used vehicles purchased or leased and placed into service during the tax year are eligible for this deduction. Additionally, the vehicle must be used for at ...

After graduating with an MBA, Jared pursued his love of cars by becoming an automotive journalist. An internship with CarBuzz grew into his current position as Editor At Large. Jared now flies around ...

Friends, we have been publishing the latest rules and eligible vehicles list for Tax Code 179 for over a decade. I encourage you to reach out to one of our Certified Car Pro Dealers at a CarPro ...

Friends, we have been publishing the latest rules and eligible vehicles list for Tax Code 179 for over a decade. Many of you wait until the last minute to make your purchase. Many wait until right ...

The section 179 deduction allows a small business to take a tax deduction for the entire cost of certain property and equipment in the year it buys that property. That produces a larger, more ...

In years past, businesses that purchased large items, such as trucks, could only get tax deductions on the item's annual depreciation. However, a section of the tax code now allows business owners to ...

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2025 calendar year for the ...

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2023 calendar year. Advertisement ...