Protect your business's bottom line with Section 179 Tax Deductions. This federal program is designed to help small businesses thrive. By implementing this program into your business model, you can take steps that will benefit you this tax year instead of years down the line.
Let the team at Bessette Motors help you discover how Section 179 Tax Deductions can support your business.
Section 179 is a tax deduction process that allows small businesses to write off the depreciation of qualifying equipment. Different from traditional approaches that allow businesses to deduct depreciation a little at a time, year after year, Section 179 allows them to deduct the depreciation of qualifying equipment in the same tax year it goes into service.
By purchasing qualifying vehicles from Bessette Motors, you can take advantage of this program. Keep in mind, vehicles purchased must be assigned for business purposes and not personal use. Here are a few more details about Section 179 that we believe will be helpful.
This is the 2025 deduction limit. It applies to new and used vehicles. To qualify, you must finance or lease the vehicle between January 1, 2025, and the end of day on December 31, 2025.
This is the maximum amount your business can spend on qualifying equipment in 2025. Once you exceed that amount, the deduction will be reduced, dollar-for-dollar.
After the Section 179 Tax Deduction Spending Cap is reached, the Bonus Depreciation takes effect. This Bonus Depreciation is available for new and used models.
Contact the team at Bessette Motors to learn more about Section 179 Tax Deductions. We look forward to serving you.
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395 1st St N
Carrington, ND 58421
