09/29/2025
Local business owners!!!
Dear Valued Business Owner,
Are you planning to expand or upgrade your commercial fleet this year? Now is an exceptional time to invest, thanks to the significant enhancements to the Section 179 tax deduction for 2025!
At Bud’s Chrysler Jeep Dodge Ram, we understand that every dollar counts for your business. That's why we're excited to share how the updated Section 179 can provide substantial tax savings, helping you acquire the commercial vehicles you need while keeping more capital in your pocket.
What's New and Why It Matters for Your Business in 2025:
The Section 179 deduction allows businesses to deduct the full purchase price of qualifying equipment, including commercial vehicles, in the year they are placed into service, rather than depreciating them over many years. For 2025, the limits have been significantly increased, making it even more beneficial:
Increased Deduction Limit: You can now deduct up to $2.5 million of qualifying equipment purchases. This is a substantial increase, allowing you to expense a larger portion of your vehicle investments upfront.
Higher Phase-Out Threshold: The deduction begins to phase out only after total equipment purchases exceed $4 million. This means more businesses, especially small and mid-sized ones, can take full advantage of the maximum deduction.
100% Bonus Depreciation is Back (for certain assets): For qualifying assets placed in service after January 19, 2025, 100% bonus depreciation has been permanently reinstated. This can further amplify your savings, especially if your purchases exceed the Section 179 limit.
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