When you shop for a Volvo XC90 at Volvo Cars Oklahoma City, you might qualify for valuable tax incentives, saving you money on your purchase. The new Volvo XC90 is eligible for the Section 179 Tax Deduction, providing significant savings. Have questions about how to claim these Volvo tax deductions? Visit our dealership to speak with our knowledgeable auto financing team today or speak to your financial advisor.

What Volvo Vehicles Qualify for Section 179?

The Section 179 Tax Deduction is a U.S. government initiative designed to help small and midsize businesses by allowing them to deduct the costs of vehicles used for business purposes. For 2024, SUVs and crossovers with a Gross Vehicle Weight Rating (GVWR) over 6,000 pounds may qualify for a deduction of up to $25,000 if purchased and put into service before December 31, 2024. The 2024 Volvo XC90 meets this GVWR requirement, making it eligible for the Section 179 tax incentive when you buy a new XC90 at Volvo Cars Oklahoma City. To learn more about applying the Section 179 tax incentives to your Volvo purchase, visit us at Volvo Cars Oklahoma City or speak to your financial advisor or CPA

Learn more here: https://www.irs.gov/newsroom/depreciation-expense-helps-business-owners-keep-more-money.