Huge Tax Savings
Write off your entire purchase in 2024.*
Business owners, or those planning to participate in our rental program, may be eligible to take advantage of IRS Section 179, where you can take 100% depreciation in 2024*. You can now write off the entire purchase price of a new luxury van in the year you purchase and take delivery. That’s like the government writing you a check for up to $80,000, making your new luxury van less than the cost of a nice SUV!
A Brief Explanation
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software in the year it's placed in service, rather than depreciating it over time. For the 2024 tax year, the maximum deduction is $1,220,000, with a phase-out threshold beginning at $3,050,000. This incentive encourages businesses to invest in new assets by providing immediate tax relief.
Order now to take advantage of these savings.
*Disclaimer: Qualifying clients may be able to use IRS Section 179 to write off the full purchase price of an Ultimate Toys van as a business expense in the year it’s purchased and placed in service. However, this information is not intended as tax advice. We recommend consulting with a qualified CPA to determine eligibility and benefits specific to your situation.
