USA Vehicle Depreciation Question

[JohnCoctostan]

I have a sole proprietorship and run a marketing company (I also have a W2 job, but won't leave it until I can replace more income).

I am buying a 2009 Range Rover Sport with a gross vehicle weight rating of 6300lbs. I will be buying it on December 5, 2015 and the price is $24,995. It will be used 100% for business purposes.

I have read that there is a tax benefit to buying this type of car for strictly business use. Can you help me understand what the tax benefit would be? Something about depreciation?

 

[kirby]

Go to a tax pro in your area and tell them you likely qualify for the Section 179 deduction with this vehicle. There are other important factors but that's why you need somebody local to help you thru this