Look Forward To Tax Season
Running a business comes down to your bottom line, and you may be able to strengthen yours! Under current tax depreciation laws, your business may be eligible to immediately deduct up to $31,300 plus 100% bonus depreciation of the purchase price of qualifying vehicles purchased in 2025 for business use.*
You may also qualify for a deduction of up to $18,000 for non-qualifying vehicles purchased in 2025 and used in a trade or business.
In addition to new vehicle purchase benefits, purchasing a qualifying pre-owned vehicle may also qualify under these rules. Please consult your tax advisor for tax implications and savings opportunities.
With these tax depreciation laws, you can save this tax season on the vehicles your business purchases today. There’s never been a better time to add the quality and dependability of vehicles to your fleet!
*Federal tax benefits are available for vehicles acquired for use in the active conduct of trade or business and may change or be eliminated at any time without notice and each taxpayer’s tax situation is unique; therefore, please consult your tax professional to confirm available vehicle depreciation deductions and tax benefits. For more information, visit www.irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability. Passenger automobiles, as defined in the Internal Revenue Code (including passenger cars, SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.), and placed in service during 2025 qualify for immediate depreciation deductions of up to $18,000 per vehicle. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2025 qualify for immediate depreciation deductions of up to $31,300 plus 100% of the purchase price.