

BMW X5 and X6 Tax Benefits At BMW of Cincinnati North
BMW of Cincinnati North located in Cincinnati, Ohio is offering tax benefits on the BMW X5 and X6 SAVs to customers located in surrounding cities in the area. The X5 and X6 lead the segment with a wide array of features and benefits. A benefit that everyone may not be aware of is a very significant tax deduction that is available when the vehicle is purchased for business use. As a result of the Act, business owners may now deduct up to 100% of the vehicle purchase price when the vehicle is purchased for business use, as The IRS categorizes SUVs with a gross vehicle weight in excess of 6,000 lbs differently than other luxury automobiles. As a result of the Newly enacted Tax Cuts and Jobs Act:
- Business owners that purchase an X5 or X6 in tax years 2018 through 2022 may be eligible for a 100% write-off of the purchase price
- A 100% bonus depreciation deduction ($60,000 x 100%) = $60,000
For complete details please refer to this link:Â
https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-actHours
- Monday 9:00 AM - 8:00 PM
- Tuesday 9:00 AM - 8:00 PM
- Wednesday 9:00 AM - 8:00 PM
- Thursday 9:00 AM - 8:00 PM
- Friday 9:00am - 6:00pm
- Saturday 9:00am - 6:00pm
- Sunday Closed