What can section 179 do for your tax savings?

Does my business qualify to get this deduction?

You may qualify if you:

• Are a business that purchased or financed new or used business equipment—including certain business-use vehicles—during the 2024 tax year
• Put the equipment into service between January 1, 2024, and December 31, 2024
• Used this equipment for business purposes more than 50% of the time
• Spent less than $4,270,000 on this equipment

Section 179 Tax Savings

What are the dollar amount limits on claiming a section 179 tax deduction?

These are the limits:

• You cannot write off more than $1,220,000
• The total amount of the equipment purchased cannot be more than $3,050,000.
• It phases out dollar-for-dollar after that, so once $4,270,000 is spent, the deduction goes away entirely.

*The incentive referenced is for informational purposes only. This information does not constitute tax or legal advice. All persons considering the use of available incentives should consult with their tax or legal professional to determine eligibility, specific amount of incentives available if any, and further details. The incentive is not within Mercedes-Benz control and is subject to change without notice. Interested parties should confirm the accuracy of the information before relying on it to make a purchase.