Mercedes-Benz Section 179 Tax Savings near Westfield, NJ

Mercedes-Benz Section 179 Tax Savings near Westfield, NJ

Are you small-business owner in New Jersey who’s shopping for new commercial vehicles to add to your business fleet? Then turn to the professionals at Mercedes-Benz of Union. With the Section 179 tax deduction, business owners like yourself have the ability to write off up to the full purchase amount of a qualifying Mercedes-Benz vehicle. When you visit, we’ll go over how the Section 179 deduction works and how you can save when you purchase a new or used Mercedes-Benz Sprinter. Stop by our Mercedes-Benz dealer near Westfield to learn more about the Section 179 tax code.

An exterior shot of a Mercedes-Benz Sprinter Van parkled in front of a work site.
An exterior shot of a Mercedes-Benz Sprinter Van driving down a road at sunset.
  • 2022 Deduction Limit: $1,080,0001 — valid on new and used equipment (must be new to the buyer)
  • 2022 Spending Cap: $2,700,0001 — the max amount that can be spent on equipment before the Section 179 Tax Deduction begins to reduce on a dollar-for-dollar basis.
  • 2022 Bonus Depreciation: 100%1 — generally taken after the Spending Cap is reached, valid on new and used equipment.
  • Cars: $11,160 (including Bonus Depreciation)1
  • Trucks & Vans: $11,560 (including Bonus Depreciation)1
  • Certain SUVs between 6,000-14,000 pounds: $25,000 (including Bonus Depreciation)1