Big tax breaks on truck financing are back in 2025 with the highest level of savings available! Due to recent legislative updates under “One Big Beautiful Bill Act” (OBBBA), U.S. businesses can now take advantage of 100% Bonus Depreciation for assets placed in service on or after January 20, 2025.
Whether you’re upgrading your truck or expanding your fleet, these incentives help you stretch your dollar further and keep more cash in your business.
Don’t wait until the end of the year—these tax benefits are available now but only through December 31, 2025. Contact your local truck sales representative to get started.
Section 179 allows businesses to deduct the full purchase price of qualifying equipment or software purchased during the tax year, rather than depreciating the asset over time. This makes it a powerful tax savings tool for small and mid-sized businesses looking to upgrade equipment or expand their operations.
For 2025, the Section 179 deduction limit has been increased to $2,500,000, with a total equipment purchase cap of $4,000,000. This means businesses can deduct up to the full purchase price of qualifying equipment, so long as it’s placed into service by the end of the year.
Bonus Depreciation is an additional tax incentive that allows businesses to deduct a large percentage of the purchase price of qualifying equipment in the first year it’s in service. Unlike Section 179, Bonus Depreciation has no cap on the total amount of equipment purchased and can be used by businesses of any size, including larger companies.
For 2025, Bonus Depreciation allows for a 100% deduction on both new and used equipment purchases. Now is the time to take advantage of this highest possible deduction.
Combining Section 179 with Bonus Depreciation can offer businesses even greater tax savings. Here’s how it works:
This combination allows businesses to maximize their deductions, making it easier to invest in new or used equipment before the end of the year.
The information provided here is for general guidance only. Please consult your tax professional for advice on how these deductions apply to your business. This is not meant to substitute for professional tax advice. Visit the IRS website or the Section 179 website for more details.
