Are you a business owner looking to take advantage of tax benefits related to vehicle acquisitions? At Performance Kia of Denville, we offer an extensive selection of commercial-ready Kia vehicles that qualify for the Section 179 tax deduction.
If you're not familiar with Section 179, it is a tax deduction that allows businesses to write off the costs of qualifying vehiclesused for business purposes at least 50% of the time. Visit our Kia dealership near Morris Plains now to explore commercial Kia sales and make a smart investment for your business.
What Is Section 179?
Section 179 is an IRS tax code that encourages businesses to invest in new vehicles and equipment by allowing them to deduct up to the full purchase price of qualifying assets in the year of acquisition. To take advantage of this, these assets must be bought and put into service by December 31, 2025.1
Get ahead of your tax planning by visiting our Denville Kia dealer today to make your eligible Section 179 Kia purchase in New Jersey.
What Kia Models Are Eligible for Section 179?
Most new and used cars can qualify for the Section 179 tax deduction, so just about anything on our lot is eligible for savings under the current rules, so long as its usage meets all the criteria set forth by the IRS. Traditional passenger vehicles are eligible for partial deductions so long as they're used for business purposes at least 50% of the time.
To determine if a specific pre-owned or new Kia you're interested in qualifies for Section 179 tax savings, reach out to our team. Performance Kia of Denville has the answers you need.
2025 Section 179 Tax Deduction Limits
For the 2025 tax year, businesses can write off up to $1,250,000 with a spending cap of $3,130,000.1 Once this threshold is exceeded, the deduction amount decreases. This is by design, as this program is intended to mainly benefit small- to medium-sized businesses. The 2025 Section 179 spending limits and caps are as follows:
- 2025 Deduction Limit:1 $1,250,000
- Valid on new and used equipment (must be new to buyer), either purchased or leased.
- 2025 Spending Cap:1 $3,130,000
- Upon reaching this cap, deduction is reduced on a dollar-for-dollar basis.
- 2025 Bonus Depreciation:1 40%
- This tax benefit enables a business to deduct a substantial percentage of the purchase price of qualifying assets immediately.
- Typically claimed after the Spending Cap is achieved.
- Applicable to both new and used vehicles.
Discover Commercial Kia Sales in NJ
Our New Jersey Kia dealership is here to help you expandyour fleet for less through Section 179 tax savings. Contact Performance Kia of Denville now book a Sorento test-drive, shop Sportage specials and find the perfect new K5 or Telluride near Morris Plains today.
Read More:Why Buy at Performance Kia of Denville
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.