Buy Now and Take Advantage of Tax Savings
Are you thinking about purchasing a commercial vehicle in the current tax year? If you purchase a new or used commercial vehicle from Southport Truck Group before the end of the year, you can receive a tax benefit for your business! Thanks to new guidelines under the IRS Section 179 tax code, many small businesses that invest in a qualifying Freightliner Sprinter van can take deductions up to $25,900 - saving you up to $5,439! This deduction can get you a top of the line commercial vehicle with bottom-line tax savings. What Is Section 179? Section 179 of the IRS tax code allows business owners to deduct the cost of qualifying a Freightliner Sprinter van purchased or financed during the current tax year. If you buy or lease a qualifying vehicle, you can deduct the full purchase price (including the amount financed) from your gross income. An incentive created by the U.S. government, it encourages businesses to buy equipment and invest in themselves. Today, Section 179 is more