Toyota Section 179 Tax Deductions

Toyota Section 179 Tax Deductions


When running an active or growing business near Pensacola, Fort Walton Beach, and Daphne, Alabama, you can never have too many fleet vehicles on hand. The IRS agrees, which is where the Toyota Section 179 Tax Deduction comes in. In short, this tax break gives small- and medium-size businesses a chance to invest in their companies through the deduction of qualifying vehicle purchases.

So, if the addition of vans or trucks would give your company a boost, let our team here at Bob Tyler Toyota know. We’ll be happy to help you take advantage of this generous tax deduction!


How Do I Make Use of the Toyota Section 179 Tax Deduction?

Toyota Section 179 Tax DeductionThe purpose of the Toyota Section 179 Tax Deduction is to assist as many small businesses as possible. If you qualify, you can write off 100% of the costs of the additional fleet vehicles. Certain passenger vehicles are also offered. These passenger options feature a partial deduction as well as a Bonus Deduction, which we’re happy to go over with you in person or discuss remotely.

There is a financial limit, however, ranging from $11,160 for cars and $11,560 for vans and trucks. Additionally, certain SUVs weighing between 6,000 and 14,000 pounds are potentially eligible for a write-off of up to $25,000.

To make use of the Toyota Section 179 Tax Deduction, you’ll want to have your vehicle, whichever it may be, purchased and put into service by December 31st, 2022.


Which Toyota Models Qualify?

The rugged and reliable Toyota lineup offers a few models that qualify for this Section 179 Tax Deduction. You can find each of these vehicles in our online inventory, too. The models include:

Toyota Models


Make Use of This Helpful Toyota Section 179 Tax Deduction

As business owners are well aware, the chance to give your company a leg-up in any facet is always worthwhile. Our Bob Tyler Toyota team wants to help you make the most of this Toyota Section 179 Tax Deduction, too. So, reach out to us if you have questions or want to explore our inventory in person near Pensacola, Fort Walton Beach, and Daphne, AL!