Section 179 Tax Breaks
Make Your Tax Dollars Work for You
You work hard– now let your tax deductions work just as hard. The Section 179 tax break, created by the Internal Revenue Service, allows businesses to deduct the full purchase price of qualifying equipment and certain vehicles used for business purposes.
What Vehicles Qualify for Section 179?
For the 2025 tax year, vehicles with a Gross Vehicle Weight Rating (GVWR) of more than 6,000 pounds may be eligible for a substantial Section 179 tax deduction.
To qualify, eligible Toyota models over 6,000 lbs. such as the Toyota Sequoia which has a GVWR of approximately 7,450 lbs., or the Toyota Tundra which has a GVWR between 6,400 lbs. to 7,200 lbs. – must be used for more than 50% of business purposes.
Bonus Depreciation On Remaining Cost
After applying your Section 179 deduction, vehicles placed in service during 2025 may also qualify for 100% bonus depreciation on any remaining cost. This can allow businesses to write off even more in the first year.
Your Business Must Meet the Following Requirements:
- Business use: The vehicle must be purchased, financed, and placed into service for business use between January 1 and December 31, 2025.
- New to your business: The vehicle can be new or new or used, but it must be new to your business. Vehicles already owned for personal use don’t qualify.
Maximize Your Savings Today
With Section 179, you can equip your business with the right vehicles and benefit from significant tax savings.
Contact Eddy’s Toyota to learn more about how you can make the most of your purchase.
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