2025 Section 179 Tax Savings in Keene, NH
As a business owner in New Hampshire, maximizing your financial savings is crucial, and the Section 179 tax deduction provides an excellent opportunity to do just that. At Keene Chrysler Dodge Jeep Ram, we're committed to helping you leverage this tax incentive to enhance your business's operational efficiency. By deducting up to the full purchase price of qualifying business vehicles, Section 179 provides immediate tax relief on purchases made for business use.
Understanding Section 179 Tax Deductions
Section 179 is not just an expense deduction; it allows businesses to take a comprehensive approach to update their fleets. For 2025, the Section 179 limits are as follows:
- 2025 Deduction Limit: Businesses can write off up to $2,500,000. 1
- 2025 Spending Cap: The spending limit on eligible equipment is $4,000,000. 1
- 2025 Bonus Depreciation: 100%1
- Allows for a significant immediate deduction on qualifying assets.
- Typically used after reaching the Spending Cap.
- Covers both new and used vehicle purchases.
- Eligibility: Must be acquired and operational by December 31, 2025.
Eligible Vehicles at Keene Chrysler Dodge Jeep Ram
Both new and used vehicles can qualify for Section 179 tax savings -- what matters most is that the vehicle is "new to you." While many work-specific vehicles qualify for a 100% deduction, traditional passenger vehicles may still be eligible for partial deductions so long as they're used for work purposes at least 50% of the time.1
Here's a breakdown of Section 179 deductions based on vehicle type:
- New & Used Vocational Trucks and Vans: Full Section 179 deduction available
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW): $31,300 maximum Section 179
- Cars, Light Trucks & SUVs (Under 6,000 lbs.): $20,400 first-year maximum
Why Buy from Keene Chrysler Dodge Jeep Ram?
We understand that choosing the right vehicle is a significant decision, and our commitment to customer satisfaction ensures you're equipped with all the information needed. With a dedicated finance team experienced in handling commercial purchases, we offer seamless transactions that maximizes your investment. Visit our showroom or contact Keene Chrysler Dodge Jeep Ram today to learn more about current offers and schedule commercial vehicle test-drives.
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1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.