SMALL BUSINESS OWNERS MAY CLAIM UP TO $1,000,000 TAX DEDUCTION ON VEHICLE PURCHASES

The Section 179 Deduction was enacted as part of the IRS tax code in 2008 to help small businesses with their vehicles and equipment purchases. With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2021 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.1 This law allows small businesses to claim up to the full purchase price of certain Nissan vehicles totaling up to $1,000,000 (for eligible vehicles) as a tax deduction.

Allowable Deduction Amount
 
The amounts that can be deducted depend on the vehicles purchased. For example, passenger vehicles bought by a business may qualify for deductions of $11,160, $11,560, or $25,000. A business that spends up to $2,030,000 on multiple vehicles can take a deduction of up to $1,000,000. See the allowed amounts for each eligible INFINITI vehicle below.



  • This field is for validation purposes and should be left unchanged.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Coulter INFINITI 33.38495, -111.6964.