Available Section 179 Tax Deductions in Santa Monica

Learn More About Section 179 Tax Credits for Mercedes-Benz Vehicles in Santa Monica

Businesses near Santa Monica can take advantage of Section 179 tax credits for select Mercedes-Benz luxury vehicles from W.I. Simonson. Section 179 of the IRS Tax Code is designed to give small businesses the option to deduct costs of qualifying vehicles during their first year of ownership. You can help to offset vehicle expenses through Section 179 tax credits while investing in a premium vehicle for your business.

What is Section 179?

Section 179 of the IRS Tax Code is a tax incentive for businesses, giving you the option to invest in a premium vehicle through tax credits on select models with a Gross Vehicle Weight Rating (GVWR) of more than 6,000 pounds. To qualify, purchases or leases must begin in the same tax year. You may be eligible for a tax credit of up to $31,300 for a qualifying vehicle based on your business's gross income during that tax year. In some cases, you may even be able to deduct the full purchase price of your vehicle. Please consult your tax professional to find out if you and your Los Angeles area business qualify for the full amount.

Qualifying Mercedes-Benz Vehicles

The following new Mercedes-Benz luxury vehicles are eligible for Section 179 tax credits in the Beverly Hills area:

  • Mercedes-Benz GLS 580 4MATIC®
  • Mercedes-Benz GLS 600
  • Mercedes-Benz Maybach GLS
  • Mercedes-Benz G-Class
  • Mercedes-Benz GLE
  • Mercedes-Benz EQE SUV
  • Mercedes-Benz GLS SUV

**Mercedes-Benz vehicles' GVWR can differ from model to model and particularly from trim to trim. It is important to consult us to confirm specific tax credit eligibility for your exact trim level.

More Information About Section 179 Tax Credits

If you want to take advantage of Section 179 tax credits for your business, all equipment has to be purchased and installed by December 31 of the year in which your business wishes to make tax claims. Qualifying vehicles must be used primarily for business purposes (at least 50% of total use). There can be reductions of depreciation limits based on personal usage if you take advantage of Section 179 benefits. For more details, contact us at W.I. Simonson or visit us near Marina Del Rey and Venice!

We have taken reasonable efforts to ensure display of accurate data; however, the information shown may contain errors and omissions, may not reflect all vehicle items and accessories, and errors with regard to pricing may occur. All displayed inventory is subject to prior sale and all prices expire at midnight on the date displayed. Price shown is for the state in which Dealer is physically located and if transferred to another state, the price may change. Dealer is not responsible for any errors but should be consulted in person to confirm the information on this page.

PRE-OWNED VEHICLES MAY BE SUBJECT TO UNREPAIRED MANUFACTURER RECALLS. PLEASE CONTACT THE MANUFACTURER OR A DEALER FOR THAT LINE MAKE FOR RECALL ASSISTANCE/QUESTIONS OR CHECK THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION WEBSITE FOR CURRENT RECALL INFORMATION BEFORE PURCHASING.

Plus government fees and taxes, any finance charges, any dealer document processing charge ($85), any electronic filing charge, and any emission testing charge.

Base MSRP excludes transportation and handling charges, destination charges, taxes, title, registration, preparation and documentary fees, tags, labor and installation charges, insurance, and optional equipment, products, packages and accessories. Options, model availability and actual dealer price may vary. See dealer for details, costs and terms. AMG® and 4MATIC® are registered trademarks of Mercedes-Benz Group AG. Android Auto is a trademark of Google LLC. Apple CarPlay® is a registered trademark of Apple Inc. harman/kardon® and Logic 7 are registered marks of Harman International Industries, Incorporated Burmester® is a registered trademark of Burmester Audiosysteme GmbH, Berlin, Germany Bluetooth® is a registered mark of Bluetooth SIG, Inc.