Need a heavy duty SUV for your business? Get a tax break for 2022. Buy either a new QX60 or a QX80 before December 31, 2022.
You should always talk with your tax professional for more details, but here are the tax codes that could be applicable.
- 100% First-Year Depreciation for Qualifying Models • Potential federal income tax deduction up to 100% of the purchase price of a new qualifying INFINITI truck purchased and placed in service in 2022.
- $19,200 First-Year Depreciation for Qualifying Models • Potential federal income tax deduction up to $19,200 of the purchase price of qualifying INFINITI models (that don’t qualify for the 100% depreciation deduction) when purchased and placed in service in 2022.
• Allows taxpayers to deduct the cost of certain property as an expense when the property is placed in service.
• Applies to tangible personal property such as machinery and equipment purchased for use in a trade or business.
For more information, please visit the following links:
With several INFINITI QX60 and QX80's in stock, INFINITI OF DENVER can help you find the best vehicle for your business. See inventory here and call us today at 303-671-6000. And see your tax professional for more details.