Business Owners: ATV & UTV Tax Bonus ends 12/31
Your perks end December 31st, if you are a business owner and have been thinking about a new ATV or Side by Side UTV and Trailers.
Right now is the best time to buy equipment for your business. Under tax law signed by President Trump in 2017, provisions under Section 179 have increased for business owners like you to offer first-year bonus to deduct 100 percent of your cost and 60 percent depreciation on equipment for your business purchased before Dec. 31, 2024 at 3:00PM. If you want this benefit for your business, we suggest investing in equipment like Utility Vehicle side by sides in 2024.
PLUS with BONUS DEPRECIATION you can deduct 60% first year depreciation, even if your business is showing a loss for 2024*.
The IRS considers ATVs and Side by Side UTVs to be equipment. It makes sense to load it up with a roof, windshields, cab doors, winch, snow plow, tracks and accessories you'll need for work.
QUALIFYING UTILITY VEHICLES
Polaris Xpedition, XD1500, Ranger, General or RZR
Kawasaki Mule, Ridge and Teryx
QUALIFYING ATVs
Honda Foreman, Rubicon, Rancher 4x4s
*Call your tax pro for clarification and GET A QUICK QUOTE from Cedar Creek Motorsports for your best deal on a new or used ATV or UTV that qualifies under Section 179. Call our sales dept. at (262) 377.5700.
Sample Tax Calculation:
