What is the Section 179 vehicle tax deduction?

If you own and operate a small business or large corporation, the Section 179 tax program allows you to write off the cost of any company car or fleet vehicle as a taxable business deduction. We recommended discussing your options with a tax professional as well as the team at Blackburn Nissan in Vicksburg.

How much money can I save with the IRS Section 179 deduction?

Commercial tax caps for 2023 varies by vehicle weight and business usage rate.

• Passenger cars: $18,000 total deduction per vehicle
• Passenger crossovers, vans & trucks: $18,000 total deduction per vehicle
• Heavy trucks & commercial vans: $25,000 total deduction per vehicle

Which Nissan models qualify as Section 179 vehicles?

The Section 179 tax rules stipulate any automobile weighing under 14,000 pounds can be deducted as a business expense depending on business usage rate.  Therefore, any Nissan vehicle qualifies! Here is a list of eligible Section 179 Nissan models, broken down by maximum deduction:

• $25,000 Deduction: Nissan TITAN, TITAN XD, Armada, NV Passenger, NV Cargo (NV1500, NV2500, NV3500)
• $18,000 Deduction: Nissan Frontier, Rogue Sport, Rogue, Ariya, Murano, Pathfinder, NV200 Compact Cargo Van
• $18,000 Deduction: Nissan LEAF, Versa, Sentra, Altima, & Maxima
  
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If you'd like more details about purchasing or leasing your Nissan vehicle near Vicksburg, MS contact or visit the team at Blackburn Nissan. 

What is a business usage rate?

Any passenger car, truck, SUV, or van (exceptions apply) that is used for business at least 50% of the time is eligible for the Section 179 expense deduction. Many heavy, non-SUV vehicles, like an NV Cargo Van, are automatically eligible for the full tax break, regardless of business usage rate.

All Section 179 fleet vehicles, whether new or used, must be purchased and placed in service before the end of the current tax year to be eligible for this write-off.

Does my company qualify for this commercial vehicle deduction?

If your business purchases, finances, or leases a fleet or commercial vehicle or company car during the 2023 tax year, you are eligible to deduct those vehicle taxes as a Section 179 expense, up to the maximum deduction allowance. See your tax advisor to see if you qualify for this federal tax deduction.