Start your online purchase at participating Nissan dealers. Get a quote, book a test drive and even buy your Nissan from home. [[3355]]
Potential Federal Tax Savings [[106]]
New Business Vehicles
Potential 2023 Federal income tax deduction
There are significant opportunities for potential 2023 Federal income tax deductions for business vehicles. The rules governing Federal tax deductions can be complex, and the tax benefits can vary based on the vehicle you purchase. Consult with a tax professional to explore potential tax benefits your business may qualify for when it purchases and places into service a new vehicle in 2023.
Important Tax Benefit Info
The Federal income tax deductions referenced are for informational purposes only. This information does not constitute tax or legal advice. All persons considering the use of potential income tax deductions or other tax benefits should consult with their own tax or legal professional to determine eligibility, a specific amount of deductions available, if any, and further details. The deductions are not within Nissan’s control and are subject to change without notice. Interested parties should confirm the accuracy of the information before relying on it to make a purchase.
Exploring Potential 2023 Tax Deductions
Section 179 potentially allows a business to claim a 2023 Federal income tax deduction for up to 100% the cost of qualifying vehicles that are acquired and placed in service in 2023, rather than depreciating the cost over time. For 2023, the maximum Section 179 expense deduction is $1,160,000 for all qualifying property. [[673]][[2216]][[3829]]
Vehicles That May Qualify in 2023
Up to 100% of the qualifying vehicle purchase price in first-year deductions [[2216]]
Section 179 potentially allows businesses to deduct up to 100% of the purchase price per qualifying heavy truck in the first year. Below are Nissan heavy trucks that may qualify. Consult with your business’ tax professional to fully understand the requirements and limitations of Section 179. [[2216]]
Up to $20,200 per qualifying vehicle in first-year deductions [[2216]]
Section 168(k) potentially allows businesses to deduct up to $20,200 per qualifying vehicle as first-year depreciation on qualifying sedans, and SUVs. Below are Nissan vehicles that may qualify for this deduction. Consult with your business’ tax professional to fully understand the requirements and limitations of Section 168(k).[[2216]]
Explore Your Nissan Fleet Options
A Nissan Fleet can start with 2 vehicles, and expand indefinitely. From small businesses to large enterprises, our team of experts understand the unique needs of your business. Connect with a Nissan representative to get the best solution for your fleet.