Honda Section 179 Tax Deduction Near Petal, MS
Being a business owner in Mississippi necessitates reliable transportation to keep operations running smoothly. At Pine Belt Honda, we're proud to offer a wide variety of new Honda models and used vehicles specifically designed to suit your unique business requirements and exceed your expectations. Adding icing to the cake is the opportunity to benefit from the Section 179 tax deductions on your vehicle purchase.
Visit our local Honda dealership near Petal to understand how you can save substantially on a new or used vehicle purchase with the help of Section 179!
What is Section 179 Tax Deduction?
Section 179 is a specific tax code tailored for small- to medium-sized businesses looking for economical ways to expand their operations. This incentive allows companies like yours to deduct up to 100% of their vehicle's purchase price when used primarily for business purposes.1
To take advantage of this benefit within this year's tax bracket, make sure that your chosen vehicle is purchased and put into service by December 31, 2025!1
Can I Apply Section 179 on Used Vehicles?
Absolutely! The beauty of the Section 179 deduction lies in its applicability on both new and used cars -- as long as they are new to you. So go ahead and pick a vehicle from our extensive collection of pre-owned vehicles at Pine Belt Honda knowing that you are eligible for applying Section 179 benefits.
What Are the 2025 Section 179 Tax Deduction Limits?
The Section 179 tax deduction is designed to aid small- and medium-sized businesses in enhancing their operations while saving on vehicles used for business needs. The limits of this deduction depend upon several factors such as the vehicle's weight and design. For the year 2025, these limits are:1
- 2025 Deduction Limit: $2,500,0001 (doubled from what it was at the start of the year)
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2025 Spending Cap: $4,000,0001 (up from $3,130,000 at the start of the year) -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Deduction begins to be reduced on a dollar-for-dollar basis -- this cap is what makes it a "small business tax incentive"
- Complete phase-out at $6,500,000
- 2025 Bonus Depreciation: 100%1 (was 40% at the start of the year)
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec 31, 20251
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
The Honda Odyssey, Ridgeline and Pilot fulfill these passenger vehicle requirements. Other Honda models may qualify for smaller deductions depending on their percentage of business use. Contact Pine Belt Honda now for a more detailed breakdown of the 2025 Section 179 tax deduction.
Pre-Owned Vehicles for Sale Near Me
At Pine Belt Honda, we're ready to help you add either a brand-new or pre-owned vehicle to your company's fleet. Regardless of whether you need a robust truck for heavy-duty tasks or a spacious Odyssey for client transportation purposes, you can save significantly via the Honda Section 179 tax deduction!
Learn More:
1 Information accurate at the time of publishing. Refer to https://www.section179.org for the most current specifics.