Mercedes-Benz passenger vehicles are not typically thought of as commercial assets, but thanks to Section 179 of the IRS Tax Code, small companies are free from paying taxes on any Mercedes-Benz vehicle they purchase for their business. This could be a company car, a shuttle, or even cargo transport. For 2019, there are many tax exemptions available in Phoenix AZ for Mercedes-Benz SUVs.
IRS Tax Code Section 179
Section 179 of the IRS Tax Code gives small businesses the privilege of purchasing equipment and software tax free. For 2019, this incentive covers all purchases of equipment and software up to $500,000. This means you could save tens of thousands of dollars on a new fleet of vehicles or a new company car.
For commercial businesses, deprecation can be calculated to save money during tax season. Section 179 helps small businesses owners even more by offering an additional 50% back on depreciation expenses on top of the $500,000 deduction.
The C-Class is one of the most popular commercial vehicles in the Mercedes-Benz passenger lineup because it is affordable, luxurious, and compact. Available as a sedan or a coupe, the C-Class offers generous trunk space, plenty of leg room for front and back passengers, and options for navigation, entertainment, and much more.
Mercedes-Benz GLS SUV
If your company needs something larger than can haul clients or luggage, the Mercedes-Benz GLS SUV is what you are looking for. Sure, it is more expensive than other competitors, but with the tax incentive, you can impress your clients and save money at the same time. The Mercedes-Benz GLS 2020 is brand new for 2019. It comes with three rows of foldable seating, a healthy V8 engine, and look that says importance. Customers can take advantage of the 2019 Section 179 until December 31st. After that, the 2019 tax code will take effect. If you have any questions about these 2019 Mercedes-Benz SUV tax exemptions in Phoenix AZ, come see us today at Mercedes-Benz of Arrowhead!