Lexus Section 179 Deduction near Norristown, PA

Are you looking to take your business to the next level with premium vehicles to serve your clientele? Come find out how you can take advantage of the Section 179 Tax Deduction the next time you buy a Lexus for your company! What's Section 179? It's an IRS tax code designed to help small- and medium-sized businesses invest in themselves by allowing them to write off up top 100% of the costs of vehicles purchased for business needs.1 In order to claim this vehicle tax credit for the current year, vehicles must be purchased and put into service by December 31, 2022, so hurry into our Lexus dealership near Norristown today.

2022 Lexus RX driving on a city street
2022 Lexus IS from a birds eye view
  • Cars: $11,160 (including Bonus Depreciation)1
  • Trucks & Vans: $11,560 (including Bonus Depreciation)1
  • Certain SUVs between 6,000-14,000 pounds: $25,000 (including Bonus Depreciation)1
  • 2022 Deduction Limit: $1,080,0001 -- valid on new and used equipment (must be new to the buyer).
  • 2022 Spending Cap: $2,700,0001 -- the max amount that can be spent on equipment before the Section 179 Tax Deduction begins to reduce on a dollar-for-dollar basis.
  • 2022 Bonus Depreciation: 100%1 -- generally taken after the Spending Cap is reached, valid on new and used equipment.

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