Section 179

What is Section 179?

Section 179, a business tax code, is a useful tool that offers tax deductions on select business equipment - such as vehicles - as an alternative to asset depreciation. It gives you a chance to deduct up to $26,200* of a qualifying vehicle from your business's gross income during that tax year-that's up to $5,502 in savings.** In some cases you may even be able to deduct the full purchase price of your vehicle. (Please consult your tax professional to find out if you qualify for the full amount). It's especially helpful for small businesses who want their tax savings right away, rather than receiving them bit by bit over time through depreciation. It gives many businesses the financial leeway to purchase vehicles they need right away, rather than waiting.

What business vehicles may qualify?

• Are a business that purchased or financed qualifying new or used business equipment, including certain business-use vehicles, during the 2021 tax year.

• Put the equipment into service between January 1, 2021, and December 31, 2021.

• Used this equipment for business purposes more than 50% of the time.

• Spent less than $3,670,000 on this equipment.

When it comes to financing, that's where our car loan and Audi specialists step in. We're here to help you by going over every option clearly, and will work hard to find the right plan for you. Whether adding accessories or protection packages, or figuring out the final details of your loan or lease package, let us guide you along the way.
Here at Audi Bozeman, it is our mission to be the automotive home of drivers in the Bozeman, MT area. We provide a vast selection of new and used vehicles, exceptional car care and customer service with a smile!

Speaking of new Audi models, you have your pick of our showroom. Our local dealership keeps a great stock of used cars, trucks, and SUVs in inventory. With competitive prices offered on every pre-owned model for sale on our lot, you won't find a reason to visit any other dealership in Bozeman.