LOOK FORWARD TO TAX SEASON

Small Business Owners: You could qualify for a 2023 Tax Deduction on the purchase of select new Toyota vehicles.

Village Toyota is committed to supporting small business growth in Spring Hill, Homosassa and surrounding areas. When you drop by, inquire with the Village Toyota sales team about leveraging the Section 179 tax deduction to make savings on your purchase. This IRS tax provision is tailored to aid small to medium-sized business owners in investing in their companies by deducting qualifying vehicle purchase costs. While commonly used for trucks like the durable Toyota Tundra or Tacoma, this commercial vehicle tax benefit can also reduce expenses on regular passenger SUVs, such as the Toyota RAV4, Highlander, or 4Runner. Explore further details on Toyota's Section 179 guidelines by visiting Village Toyota today. There’s never been a better time to add the quality and dependability of Toyota vehicles to your fleet.

Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2023. Determining the proper income tax treatment of any vehicle purchase requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, the characteristics and attributes of the particular vehicle purchased and the purchaser’s income tax situation. Each purchaser’s tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability. For more information, visit https://www.irs.gov. Consult your tax advisor to determine the proper tax treatment of any vehicle purchase(s) including, without limitation, which vehicles qualify, the amount of the available credit, how to claim the credit, how claiming a credit may impact other tax deductions and/or tax credits and for additional restrictions and limitations.