Business owners may be able to claim part of the cost of a qualifying INFINITI vehicle as a Federal Income Tax deduction.
Under IRS Code, Section 179, certain heavy vehicles such as SUVs, pickups, and vans may qualify for a Federal Income Tax deduction. To be eligible for this deduction, the vehicle must meet the following criteria:
- Weigh over 6,000 lbs.
- Primarily used for business purposes
- Placed in service during the current tax year
INFINITI models that meet the GVWR requirements:
- QX60
- QX80
Eligible business owners can receive a partial deduction and take advantage of bonus depreciation, up to $30,500*, for qualifying vehicles in the 2024 tax year.
*Important Note: Retailers should advise clients to consult their CPA or tax professional for specific guidance on applicability of Section 179 to their circumstances, including how much they can deduct. INFINITI and INFINITI Retailers are not authorized to provide tax advice and are not responsible for client interpretation and application of IRS rules.
