TAKE ADVANTAGE OF GENEROUS 2020 TAX DEDUCTIONS Header

TAKE ADVANTAGE OF GENEROUS 2020 TAX DEDUCTIONS

The Section 179 Tax Deduction was developed to allow small-business owners to save on new vehicles used for company purposes. If a new BMW Sports Activity Vehicle® would benefit your small- or medium-sized business, visit our BMW dealership in Savannah, GA, and meet with talented BMW finance experts. We specialize in providing our customers with ways to save on new BMW vehicles, and the savings you can earn via the Section 179 Tax Deduction warrant your attention.

Designed by the U.S. government to help small businesses invest in themselves, the Section 179 tax code is perfect for those who want to buy a new or new-to-you BMW to enhance their operations. If a new BMW X5 SAV® or BMW X6 Sports Activity Coupe® would be useful for your business’s needs, it may be eligible for the 2020 Section 179 Tax Deduction. Alternatively, if you want to add a BMW X7 to your company’s list of work vehicles, we can help.

Section 179 Tax Deduction

There are some qualifications that must be met in order to receive the 2020 BMW Section 179 Tax Deduction, which include:

  • The vehicle must be purchased, not leased
  • The vehicle must be used for business purposes at least 50% of the time
  • Your business needs to have good credit
Section 179 Tax Deduction

The 2020 Section 179 limits and caps include:

  • 2020 Deduction Limit: $1,040,000
  • 2020 Spending Cap on equipment purchases: $2,590,000
  • Bonus Depreciation: 100% for 2020

Contact Critz BMW if you’d like more information about the tax breaks your business may qualify for under the Section 179 Tax Deduction. We have plenty of options available including BMW X5 and X6 models. Visit our Georgia BMW dealership today to browse an expansive new vehicle inventory and discover how a BMW would upgrade your business.

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