Section 179 Tax Deduction at Bommarito Toyota
Growing your company's fleet of vehicles doesn't have to be stressful or expensive. In fact, it's easy and affordable with the Section 179 tax deduction. What is Section 179, you ask? It's an exclusive tax code aimed at small- and medium-sized businesses that allows the deduction of business-use vehicles' purchase prices from the company's annual taxes.1 Understandably, this is an amazing opportunity for hard workers like you to enlist a new truck or SUV in your fleet for a spectacular value!
Excited to get started? Curious about how a new Tacoma truck or Sequoia SUV can take your business to the next level? Review your options at our Toyota dealer near Maryland Heights and find your next work companion at Bommarito Toyota!
What Are the 2025 Section 179 Tax Deduction Limits?
If you're a small business owner, you won't want to miss out on Section 179. With this incredible tax code, eligible businesses can partially or entirely write off the purchase price of qualifying vehicles from their company taxes.1 There are limits on spending and bonus depreciation, as shown below, that our Missouri Toyota finance experts can guide you through:
- 2025 Deduction Limit: $2,500,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2025 Spending Cap: $4,000,0001:This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Complete phase-out at $6,500,000
- 2025 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20251
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Which Toyota Vehicles Qualify for Section 179?
A wide range of new Toyota trucks and SUVs are eligible for either a partial or full tax deduction.1 Qualifying models can include, but are not limited to:
- Tundra
- Tacoma
- 4Runner
- Highlander
- Land Cruiser
- Sequoia
| New & Used Vocational Trucks and Vans: | Full Section 179 deduction available1 |
| Heavy SUVs & Trucks (Over 6,000 lbs. GVW): | $31,300 maximum Section 1791 |
| Cars, Light Trucks & SUVs (Under 6,000 lbs.): | $20,400 first-year maximum1 |
New Toyota Trucks & SUVs in Hazelwood, MO
Contact Bommarito Toyota in Hazelwood if you have any more questions about Section 179 Toyota vehicles or to schedule a Tacoma test-drive. Whether you're seeking a spacious Toyota SUV or a powerful truck for your business, this exclusive tax code will help you save big and give your operations a boost!
Learn More: Tax Portal & Savings Guide | Payment Calculator