Mercedes-Benz Section 179 Tax Savings near Melrose, MA

2022 Sprinter Van driving up a road.

Mercedes-Benz Section 179 Tax Savings
near Melrose, MA

If you're thinking about upgrading your fleet of cargo vans for your business, check out the inventory at our Mercedes-Benz Sprinter dealership near Melrose and learn about Section 179 tax savings*. The Section 179 tax code was designed by the U.S. government to help businesses invest in themselves. So, when you buy a new 2022 Mercedes-Benz Sprinter or Metris van, you may be eligible to write off up to the full purchase price on your 2022 taxes. So long as the vehicle is used for business purposes at least 50% of the time and is registered and put into service by end of day on December 31, 2022, you could stand to save big on your taxes for the year.

What Are the 2022 Section 179 Deduction Limits?

The 2022 Section 179 Deduction limits are as follows:

  • 2022 Deduction Limit: $1,080,0001 -- valid on new and used equipment (must be new to the buyer).
  • 2022 Spending Cap: $2,700,0001 -- the max amount that can be spent on equipment before the Section 179 tax deduction begins to reduce on a dollar-for-dollar basis.
  • 2022 Bonus Depreciation: 100%1 -- generally taken after the Spending Cap is reached, valid on new and used equipment.

Massachusetts businesses can write off at least part of the purchase price of vehicles that qualify for Section 179 tax savings. New Mercedes-Benz and used car Section 179 tax deductions include:

  • Cars: $11,160 (including Bonus Depreciation)1
  • Trucks & Vans: $11,560 (including Bonus Depreciation)1
  • Certain SUVs between 6,000-14,000 pounds: $25,000 (including Bonus Depreciation)1

Which Mercedes-Benz Vehicles Qualify for Section 179 Savings?

Not every vehicle will be eligible for Section 179 tax savings, but cargo vans and select passenger SUVs can qualify. If you have any questions, contact Flagship Motorcars Commercial Vans and a member of our Herb Chambers Company sales team will go over everything you need to know about the Section 179 tax deduction. New 2022 Mercedes-Benz Sprinter models eligible for Section 179 savings include:

  • 2022 Mercedes-Benz Sprinter
  • 2022 Mercedes-Benz Sprinter 2500
  • 2022 Mercedes-Benz Sprinter 3500 XD