Section 179 Deduction
Section 179 Tax Deduction
The 6,000 Pound Deduction For The Maserati Levante
For qualifying Washington companies, Section 179 of the I.R.S. tax code offers significant deductions for certain vehicles. For Maserati, the only vehicle eligible is the Maserati Levante. Talk with your tax advisor and our sales team to determine if your business qualifies. Information is valid through December 31, 2024.
What is Section 179
Section 179 allows businesses to purchase, finance or lease qualifying new or used equipment that is operated for business purposes more than 50% of its use. The equipment must be put into service between January 1, 2024 and December 31, 2024.
To qualify for Section 179, the equipment must weigh 6,000 pounds or more. In the I.R.S. Publication 946, the maximum expense deduction for an SUV weighing 6,000 pounds or more is $28,900 for the 2024 tax year. Not all businesses will receive the full deduction as the monetary amount eligible for Section 179 is the cost of the vehicle multiplied by the percentage of business-use.
The Maserati Levante
The Maserati Levante qualifies for the Section 179 deduction based on gross weight. The Levante with V6 trims weighs 6,116 pounds and with the V8 Trofeo trim weights 6,228 pounds. Section 179 applies to both new and pre-owned Maserati Levante models.
Discover the Levante
Prices exclude tax, title/registration and licensing, and negotiable dealer documentary service fee of up to $200 may be added to the sale price or capitalized cost. While great effort is made to ensure the accuracy of prices, vehicles details and availability on this site, errors do occur – buyers must verify information with the dealership prior to sale. No sale is final or binding until the buyer and dealer execute an official purchase agreement. All financing is subject to credit approval. All vehicles are one of each. All pre-owned or certified vehicles are used. MPG is based on EPA estimates for newly manufactured vehicles only; actual rating may vary depending on vehicle age, condition, and manner of use. MSRP is Manufacturer's Suggested Retail Price; it is not our sale price, and is used for comparison purposes only.