GMC Section 179 Tax Deduction in Detroit Lakes, MN

Section 179 Tax Deductions

A Great Business Resource to Help You Thrive

Protecting your business is important. One of the ways we do that is by taking advantage of programs that are designed to support small businesses. Section 179 is a federal tax deduction program that has benefited many small businesses like yours. This program is designed to give business owners access to immediate deductions so that they can shore up their bottom lines, keeping their business net positive.

Section 179 Tax Deductions for 2025

Deducting the depreciation of equipment is nothing new. However, in the past, owners had to write off the depreciation a little at a time, year after year. Section 179 changed that. When you purchase or lease a qualifying vehicle from Muscatell GMC, you can write off the cost of depreciation this year.

This program is designed for businesses. Therefore, when you purchase or lease your new or used automobile, it must be for business purposes and not personal use. There are limits regarding which vehicles qualify. Our team is happy to walk you through the available options.

Deduction Limit in 2025 is $1,250,000

This is the annual deduction limit for 2025 and applies to qualifying new and used vehicles. These vehicles must be financed or leased between January 1, 2025, and the end of day on December 31, 2025, to qualify.

Spending Cap on Equipment Purchases in 2025 = $3,130,000

After your spending cap is reached in 2025, the deduction is reduced on a dollar-for-dollar basis.

Bonus Depreciation in 2025 = 40%

The Bonus Depreciation takes effect after the Spending Cap is reached. The Bonus Depreciation is available for new and used models.

Learn More About Section 179 Tax Deductions

Contact us online or call our dealership and let the team at Muscatell GMC provide the guidance you need. We look forward to serving you.

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Disclaimer: The Manufacturer’s Suggested Retail Price excludes tax, title, license, dealer fees and optional equipment. Dealer sets final price.

1Dealer Discount applied to everyone