Section 179 Tax Deductions
| Sales | ||
| Day | Open | Closed |
| Monday | 9:00AM | 7:00PM |
| Tuesday | 9:00AM | 7:00PM |
| Wednesday | 9:00AM | 7:00PM |
| Thursday | 9:00AM | 7:00PM |
| Friday | 9:00AM | 7:00PM |
| Saturday | 9:00AM | 6:00PM |
| Sunday | Closed | Closed |
As the year comes to a close, business owners from Gatesville to Waco and Killeen are exploring smart ways to maximize their year-end tax advantages. At Spur Chrysler Dodge Jeep RAM, we’re proud to support our local communities with vehicles that deliver uncompromising strength, advanced performance, and real financial benefits. Whether you're expanding your fleet or investing in a heavy-duty truck for your operations, our lineup of CDJR vehicles is built to drive your business forward—on the road and on the balance sheet.
Section 179 Deduction: Optimize Your Tax Benefits
Take advantage of the Section 179 deduction to elevate your business vehicle investment:
- Write off the full purchase price of qualifying vehicles and equipment purchased in the current tax year.
- The 2025 deduction limit is $2,500,000, up from $1,220,000 in 2024.
- Spend up to $4,000,000 on eligible vehicles and equipment to qualify.
- Both new and used vehicles can be eligible for this deduction, provided they are primarily used for business.
Bonus Depreciation: Enhance Your Tax Strategy
Combine Section 179 with bonus depreciation to maximize tax savings:
- 100% bonus depreciation applies to new and used business equipment, including vehicles (after section 179)
- There’s no spending cap for bonus depreciation, allowing greater flexibility in planning.
Qualifying Vehicles for Maximum Tax Savings
Choose the right vehicle to align with your tax goals:
- Heavy-duty trucks and SUVs over 6,000 lbs. GVWR typically qualify for full Section 179 deductions.
- Passenger vehicles under 6,000 lbs. GVWR follow standard depreciation rules.
- Electric vehicles may also qualify for additional tax credits.
Why Spur Chrysler Dodge Jeep RAM is Your Trusted Partner
At Spur Chrysler Dodge Jeep RAM, we serve businesses in Gatesville and beyond with personalized solutions. Here’s how we support your success:
- Extensive inventory of vehicles eligible for tax deductions.
- Expert guidance in selecting vehicles that meet your business needs and tax objectives.
- Competitive financing options designed for your cash flow requirements.
- Ongoing support and service to keep your fleet operating at its best.
Maximize Your Tax Savings Today
Don’t miss the chance to enhance your tax strategy while upgrading your business fleet. Visit Spur Chrysler Dodge Jeep RAM to consult with our commercial vehicle experts and explore our inventory. Together, we’ll help you find the perfect vehicle for your business needs.
We are not legal tax consultants and cannot/do not provide legal tax advice. This page is for informational purposes only. For specific guidance, consult a tax professional.
- https://www.irs.gov/pub/irs-dft/i4562--dft.pdf
- https://www.section179.org/section_179_deduction/