Business owners considering a new business vehicle might qualify for a substantial tax deduction through Section 179 of the IRS tax code. Sean O’Hare, New England accountant of O’Hare Associates and Tax Debt Assistance supplied the facts to Washington Post for this sponsored short video by General Motors Fleet to explain more:

According to the official website for Section 179 “For passenger vehicles, trucks, and vans, that are used more than 50% for qualified business purposes, the total deduction for depreciation including both the Section 179 expense deduction as well as Bonus Depreciation is limited to $11,060 for cars and $11,160

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