How Section 179 Works for Car Tax Write Off 🤯 If your vehicle weighs over 6,000 Ibs (GVWR) and is used 50% for business, you can deduct up to $31,300 of the cost in the first year - plus bonus depreciation on (potentially) the rest of the cost. That’s why you see so many business owners driving G-Wagons, Escalades, and big trucks Reminder: Must be for business purposes 50% or more - or the IRS might come knocking! #taxwriteoff #taxtips #section179 #personalfinance #cadillacescalade | Josh Rinco
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Code Section 179 explained simply. Write off assets the same year you buy them? Here's how it works. #SmallBusiness #TaxTips #Section179 #Accounting #BusinessOwner | Taxhelponline.com
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Why so many business owners own G-Wagons 👀 It isn’t just a flex, it’s a tax write-off. 🚘💼 Section 179 lets you deduct the full price of vehicles over 6,000 lbs, and bonus depreciation means even more savings on new rides. Share this with someone who’s been eyeing one, they’ll thank you when they see how to write it off! #Section179 #bonusdepreciation #taxes #taxwriteoff #businesshacks #moneyhacks | Jose Luiz Morales Realtor
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