Section 179 Tax Deduction for Honda Vehicles - 2025 Guide
What Is Section 179?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying vehicles and equipment purchased or financed during the tax year. This deduction helps small and medium-sized businesses reduce taxable income and improve cash flow.
Quick Facts for 2025:
- Deduction Cap: Up to $1,220,000
- Spending Cap: Begins phase-out after $3,050,000
- Bonus Depreciation: 100% on new and used vehicles
- Eligibility: Vehicle must be used 50% or more for business
- Deadline: Must be purchased and placed in service by December 31, 2025 [taxfully.com]
Eligible Honda Models
Honda offers a range of vehicles that may qualify for Section 179 deductions. Eligibility is based on Gross Vehicle Weight Rating (GVWR) and business usage.
Heavy-Duty Vehicles (GVWR > 6,000 lbs):
- Honda Passport
- Honda Pilot
- Honda Ridgeline
- Honda Odyssey
These models may qualify for up to $31,300 in Section 179 deductions, plus 100% bonus depreciation. [crestcapital.com]
Note: Used vehicles qualify if they are "new to you" and meet IRS business-use criteria. [section179.org]
Tax Savings Example
Example:
- Purchase a Honda Pilot for $55,000
- Deduct up to $31,300 under Section 179
- Apply 100% bonus depreciation on remaining value
- Total deduction: $55,000 in year one [taxfully.com]
Use the Section 179 Calculator to estimate your savings. [section179.org]
How to Claim
To take advantage of Section 179:
- File IRS Form 4562
- Maintain records of purchase and business use
- Consult your tax advisor for eligibility and documentation
Disclaimer: This information is for general guidance only and does not constitute tax or legal advice. Please consult a qualified tax professional to determine your eligibility. [nationalta...eports.com]
