Use Section 179 Tax Allowance to Reduce Tax Bills on Mercedes-Benz Vans Near Lexington, MA
With tax season quickly approaching, people near Lexington, MA are looking for ways to reduce their tax bills. Here at Mercedes-Benz of Burlington, our dealers are proponents of taking advantage of one semi-obscure tax rule known as Section 179, which relates to work vehicles. By properly utilizing Section 179, drivers can reduce their tax bills on work-related Mercedes-Benz vans such as the Mercedes-Benz Sprinter.
While we’re far from being tax accountants here at our dealership, we know the basic rules of Section 179 of the tax code. According to Section 179, vehicles used in your business qualify for the deduction, but certain passenger vehicles have a total deduction limitation of $11,160, while others that by their nature are not likely to be used more than a minimal amount for personal purposes qualify for a full Section 179 deduction. Because Mercedes-Benz Sprinters are primarily used as work vehicles, they qualify for Section 179.
To get a bit more into the weeds on the tax law, here are some rules about which vehicles qualify for the deduction:
- Vehicles that seat nine-plus passengers behind the driver’s seat (the Mercedes-Benz Sprinter seats up to 15).
- Vehicles with a fully-enclosed driver’s compartment/cargo area, no seating at all behind the cargo seat, and no body section protruding more than 30 inches ahead of the leading edge of the windshield. Put simply, this refers to a cargo van like the Mercedes-Benz vans
Remember that in order to qualify for the Section 179 tax allowance, you have to use the Mercedes-Benz van primarily for business purposes. If you’re in the market for a work van and want to learn more about Section 179, visit Mercedes-Benz of Burlington for a test drive.