If you're a business owner looking to maximize your tax savings this year, Section 179 of the I.R.S. tax code offers significant deductions on qualifying business vehicles. Section 179 allows you to deduct up to the full purchase price of qualifying vehicles used for business purposes, including select Range Rover, Defender, and Discovery models.
Several vehicles meet the criteria for this tax benefit, particularly those with a Gross Vehicle Weight Rating (GVWR) of over 6,000 lbs. Popular models like the Range Rover, Range Rover Sport, Defender 90, Defender 110, Defender 130, and Discovery are examples of vehicles that qualify.