Save Up to $80,000 USD in taxes by purchasing an
INTORG Luxury Van as a business entity
- Business owners may be eligible to write off the entire purchase price of a new luxury van in the year they take delivery. That’s like the government writing you a check for up to $80,000.
- This is possible because of IRS Section 179, which states that you can deduct the cost of certain property when the property is used in a trade or business and take 100% depreciation within the first year*.
- According to The Tax Cuts and Jobs Act, the deduction limit for Section 179 increased to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.