Luxury Car Section 179 Tax Deductions near San Francisco, CA

Luxury Car Section 179 Tax Deductions

Here at The Luxury Collection Walnut Creek, we’re pleased to cater to Greater Bay Area business owners who are looking for an upgrade in both style and productivity through the Section 179 tax deduction. As you’ll learn more about at our luxury car dealership near San Francisco, the Section 179 deduction allows you to deduct up to 100% of the costs of eligible vehicles.1 In order to qualify for Section 179, the vehicle must be purchased and put into service by December 31, 2022. Plus, the eligible vehicle you want to write off must be used for business purposes. Don’t wait, visit our local luxury dealer to buy a Section 179 eligible Aston Martin, Bentley, Lamborghini or Maserati today.

**As always, consult your tax professional for exact rules regarding Section 179 and vehicle eligibility. **

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2023 Maserati Ghibli
2023 Aston Martin DBX707
  • 2022 Deduction Limit: $1,080,0001 — valid on new and used equipment (must be new to the buyer).
  • 2022 Spending Cap: $2,700,0001 — the max amount that can be spent on equipment before the Section 179 tax deduction begins to reduce on a dollar-for-dollar basis.
  • 2022 Bonus Depreciation: 100%1 — generally taken after the Spending Cap is reached, valid on new and used equipment.
  • Cars: $11,160 (including Bonus Depreciation)1
  • Trucks & Vans: $11,560 (including Bonus Depreciation)1
  • Certain SUVs Between 6,000-14,000 pounds: $25,000 (including Bonus Depreciation)1