Small business owners, ranchers, and farmers in Bismarck should take advantage of section 179 tax incentives to get their company equipment and vehicles it needs for the year ahead.
This year's deadline - December 31, 2019 - is almost here, but there's still a bit of time if you haven't thought about what you can do with a Section 179 tax benefit in 2019.
The Section 179 tax deduction was enacted to help small businesses like yours. According to Section 179 Org:
Today, Section 179 is one of the few incentives included in any of the recent Stimulus Bills that actually helps small businesses. Although large businesses also benefit from Section 179 or Bonus Depreciation, the original target of this legislation was much needed tax relief for small businesses - and millions of small businesses are actually taking action and getting real benefits.
With Section 179, you could write off the full purchase price of a qualifying commercial vehicle bought or leased in 2019. So if you're thinking about shopping for business vehicles in Bismarck, here is your opportunity!
As it turns out, you can't just buy any old vehicle, claim that you use it for work, and get all the tax benefits of Section 179. Here are the things you need to know:
Still a little confused on what qualifies? Check out this article, "Vehicles and Section 179."
With 2019 nearly over, time is running out to take advantage of vehicle tax deductions in Bismarck.
Fortunately, Eide Chrysler has several options in stock. Whether you're looking for powerful trucks for towing or roomy vans for cargo or delivery, we can help you find the right vehicle for your ranch, farm, or business.
If you have any questions about Section 179 or would like some help while shopping, please reach out to us or stop by our store. Your business will thank you!