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.

         IRC §168 

• 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.

         IRC §179 

• 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: 

          IRS Guidance on Section 179 expenses and Section 168(g) depreciation

          Additional First Year Depreciation Deduction (Bonus) - FAQ/Internal Revenue Service

 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.