​​Get a Toyota for Your Business to Take Advantage​ of This Year’s Tax Deductions

Tax season is coming up. It is time to look at your business fleet of Toyota vehicles to see if they need replacing. Or, to add new vehicles to it. This time of year brings up an important piece of tax knowledge. Did you know that several Toyota models qualify for Section 179 deductions in the Federal tax law?  

For our business customers, Section 179 is a key part of the United States tax law, allowing you to deduct up to the total purchase price of a new or used vehicle that has a Gross Vehicle Weight Rating – known as GVWR – of 6,000 pounds or more and is used for business purposes more than 50% of the time.  

There are new higher thresholds to look at for the 2025 tax year. Your business can now write off as much as $2.5 million worth of new assets – including vehicles – used by and for your company.  

This tax break is essential for small and medium-sized businesses. There are a couple of main limitations to take into consideration. The amount of money deducted cannot be more than the income of the business owner’s trades or the total businesses they own. Also, if the qualified assets the business owner puts into effect during the taxable year exceed $4.0 million, the deduction allowance phases out. 

Qualified vehicles include all 2025 and 2026 Tundra, Sequoia, and Land Cruiser models, along with some Tacoma and 4Runner models. 

Business owners can deduct their fleet vehicles’ purchase price, whether financed, leased, or purchased in full. We suggest that you keep records of mileage, fuel, and maintenance expenses.  

With a couple of months left to the end of the tax year, it would be best to take advantage of the Section 179 tax incentives now. Even if you own a single vehicle for your business or for work, you can maximize your tax impact by replacing or adding a new or used qualified Toyota SUV or pickup truck. Think of the new customers you can get with one of these excellent vehicles in your fleet.  

If you are looking for another reason for a small or medium-sized business to add a Toyota to your fleet, it is the reputation for greater reliability in our vehicles. Valley Hi Toyota’s service department can also assist in record keeping for your fleet, ensuring your bottom line is in control.  

The deadline to purchase a vehicle to take advantage of the Section 179 deductions is December 31, 2025. The Valley Hi Toyota sales staff can assist you in selecting the right vehicle to meet the tax code qualifications. Contact us to get your business going with a new or used vehicle to add to or replace in your fleet.