^**1 Each individual’s tax situation is unique. Therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit irs.gov. 2 For vehicles that qualify as sport utility vehicles, including certain trucks and vans, under the Internal Revenue Code, the maximum amount that may be expensed is $25,000 of the total purchase price. The $25,000 expense cap contributes to the $510,000-dollar limit and $2,030,000 investment limit under Section 179. 3 For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is a $11,560 per-vehicle depreciation deduction cap for certain SUVs, trucks, and vans placed in service during 2017. 4 The tax incentives are available for depreciable tangible property that is acquired by purchase for use in the active conduct of a trade or business. Additional limitation based on purchases. For the 2017 tax year, the aggregate deduction of $510,000 under Internal Revenue Code Section 179 is most beneficial to small businesses that place in service no more than $2,030,000 of Section 179 property during the year. For every dollar spent on Section 179 property in excess of the overall limit of $2,030,000, the $510,000 expense-tax deduction decreases by a dollar. Certain vehicles, models, and restrictions apply. Consult your tax professional for details. Vehicles must be placed in service in the 2017 tax year to be eligible. * Total deduction aggregate; no per-vehicle purchase price limit.