Section 179 Tax Break

The newly revamped Section 179 of the American IRS tax code was crafted for small businesses to excel. Section 179 of the IRS tax code allows businesses deduct the full purchase price of qualifying equipment plus software purchased or financed during the fiscal year up to a sum of $1,000,000.* If you lease or purchase a piece of qualifying equipment, you can deduct the purchase from your income. Section 179 was designed by the government to assist small businesses in buying equipment and investing in their brand. Almost every type of business equipment that your company may need to buy could qualify for this incentive.



For models that are utilized over 50% in a qualified business manner, the total deduction for depreciation includes both the Section 179 expense deduction plus 100% Bonus Depreciation.* Section 179 for 2018 expires at midnight on 12/31/2018. If you are looking to deduct the price of the equipment from this year's taxes and you want to take advantage of the new higher deduction limits, it must be purchased and put into service by the aforementioned deadline.



When it comes to running a business in the Chicago area, it is critical to have transportation for your work. Any car, truck, or SUV that you need for your business here at Knauz Continental Autos will probably qualify, such as the Sprinter series of work vans. Your business can benefit from the Section 179 tax break here at Knauz Continental Autos, your local Mercedes-Benz dealership. There is no better place to purchase your next commercial vehicle than your local Mercedes-Benz dealership, Knauz Continental Autos.


Knauz Continental Autos

409 Skokie Valley Hwy.
Directions Lake Bluff, IL 60044

  • Sales: (847) 234-1700
  • Service: (847) 234-1700
  • Parts: (847) 234-1700

Hours

  • Monday 9:00AM - 8:00PM
  • Tuesday 9:00AM - 8:00PM
  • Wednesday 9:00AM - 8:00PM
  • Thursday 9:00AM - 8:00PM
  • Friday 9:00AM - 6:00PM
  • Saturday 9:00AM - 5:00PM
  • Sunday Closed
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