Section 179 Small Business Incentives
2024 Section 179 Tax Savings
When you purchase a Mercedes-Benz commercial van, including Sprinter Cargo Van, Passenger Van, or Metris Van, you may qualify to deduct up to $30,500* on a qualifying vehicle from your business’s gross income during a tax year all at once! In some instances, businesses may be able to deduct the full price of a vehicle.
For 2024, the deduction limit is $1,220,000, with a total equipment spending cap of $2,890,000. The specific deduction amount for each vehicle depends on its total cost and the business use percentage (business use must be at least 50%).
To see if you qualify contact us today at 888-824-6153 or shop our Sprinter and Metris inventory!
Do Your Business Vehicles Qualify?
Your business may qualify to take advantage of Section 179 tax savings if you meet any of the following criteria:
- Your business purchased or financed qualifying new or used business equipment, including business-use vehicles, during the 2024 tax year.
- Put this equipment into service between January 1, 2024, and December 31, 2024.
- It must be used in your business or income-producing activity.
- It must be expected to last more than 1 year.
- Used this equipment for business purposes more than 50% of the time
- Spent less than $2,890,000 on equipment
- Heavy SUVs*, pickups, and vans (over 6,000 lbs. GVWR, more than 50% business-use)
Learn More from Mercedes-Benz of Selma
If you have questions about purchasing a Mercedes-Benz Sprinter van or tax-related incentives, contact us online at Mercedes-Benz of Selma.