How to Write Off Your Car on Taxes (Section 179)
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YouTubeBen Oberg
How to Write Off Your Car on Taxes (Section 179)
Section 179 is the best tax hack nobody uses. Any vehicle you use for business gets depreciation write-offs. My GT3 RS gave me $20,400 in depreciation in 2024 and the same in 2025. But here's the real hack: vehicles over 6,000 pounds get 100% bonus depreciation. You can write off the entire purchase price against your earned income in the year ...
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How Section 179 Works for Car Tax Write Off 🤯 If your vehicle weighs over 6,000 Ibs (GVWR) and is used 50% for business, you can deduct up to $31,300 of the cost in the first year - plus bonus depreciation on (potentially) the rest of the cost. That’s why you see so many business owners driving G-Wagons, Escalades, and big trucks Reminder: Must be for business purposes 50% or more - or the IRS might come knocking! #taxwriteoff #taxtips #section179 #personalfinance #cadillacescalade | Josh Rinco
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