• Section 179 image


What is the Section 179 Tax Deduction?

The Section 179 Deduction was enacted to help small businesses with vehicle and equipment purchases. The law allows commercial and fleet buyers to take a tax deduction for the FULL purchase price in one year, rather than depreciating them over a longer period of time. Taking that deduction on an asset in its first year is called a “Section 179 deduction.”

What are the Section 179 Deduction Limits for 2017?

The maximum deduction for 2017 was increased to $510,000, and the Section 179 deductions decrease dollar for dollar on purchases over $2,030,000. The amount that may be deducted depend on the vehicle purchased. For example, passenger vehicles bought by a business may qualify for deductions of $11,160, $11,560 or $25,000, while heavier vehicles may qualify for a higher deduction, up to the maximum.

What is the Section 179 Bonus Depreciation for 2017?

After the Section 179 benefits are exhausted, businesses can depreciate 50 percent of the remaining cost of equipment put into service during 2017. The current rules say the bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.

Which Vehicles are Eligible for the Section 179 Deduction?

Of course, we carry Hino and Isuzu light and medium-duty trucks and vans, and wreckers, carriers and heavy-duty tow trucks too! For these, the Section 179 savings will be similar in similar weight classes.


Don’t Forget

  • Vehicle titles must be in the company’s name
  • An eligible vehicle must be used for business at least 50% of the time
  • The vehicle must be placed into service before 12/31/2017

Please call us at 262.514.4000 with your questions and our one of our Sales Executives will be happy to help you find the right vehicle for your business.

2017 Section 179 Chevrolet image2017 Section 179 GMC image

Disclaimer: Lynch Truck Center does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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Lynch Truck Center Waterford

(262) 514-4000
29000 Sharon Lane | Waterford, WI 53185
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Lynch Chicago

7335 W. 100th Place | Bridgeview, IL 60455
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Lynch Truck Center

29000 Sharon Lane Waterford, WI

Phone: (262) 514-4000


Phone: 262.332.6550

29000 Sharon Lane Waterford, WI


Phone: 262.332.6551

29000 Sharon Lane Waterford, WI