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Section 179 Tax Deductions for 2022 Put More Cash In Your Pocket

Looking to Buy a Commercial Vehicle or Equipment in the current tax year? Take advantage of the IRS section 179 tax deduction for 2022 and put more cash in your pocket.

Let’s Finance You a New or Used Commercial Vehicle or Equipment and Put it to Use Before the End of the Year.

  • Deduct up to $1,080,000 From Your Taxable Income
  • Finance a Truck or Equipment Before the End of This Year
  • New or Used Commerical Trucks & Equipment
  • Guaranteed No Hard Inquiries – No Impact On Your Credit
  • Quick & Easy Application Process
  • Get Pre-Approved Today!

Section 179 Deduction for 2022

Section 179 allows a business to write off the entirety of an asset’s value for the year of initial use as an expense rather than as an asset, allowing the business owner to frontload the tax savings, reduce income taxes for the year, and effectively reduce the cost of purchase.

Putting more money back in your pocket!

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How Do I Get The Section 179 Deduction?

Section 179 is an IRS tax deduction designed to help small to mid-sized businesses, like yours, that own and operate commercial vehicles and equipment. 

To be eligible to take advantage of section 179 you have to purchase a commercial vehicle or equipment in the current tax year and put it to use before the end of the year.

Section 179 is not an automatic deduction, you have to elect it. To elect the section 179 tax deduction you have to fill out IRS form 4562.

Section 179 Deduction Limits

The 2022 Section 179 deduction limit is $1,080,000 on qualifying new or used commercial vehicles and equipment. The limit on vehicles and equipment purchases has increased to $2.5 million. This was enacted through the Tax Cuts and Jobs Act which was signed into law in 2017. 

The bill allows businesses to depreciate 100% of the cost of eligible commercial vehicles and equipment that are purchased or leased from September 27, 2017, through 2022.

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Want to Buy a Truck Or Equipment? TopMark Funding Can Help!

Looking to Buy a Commercial Vehicle or Equipment in the current tax year to take advantage of the IRS section 179 tax deduction for 2022? TopMark Funding can finance it!

  • Get Approved for $250k Within 24 Hours – Application Only
  • Guaranteed No Hard Inquiries – No Impact on Your Credit
  • Great Service and Fast Funding
  • Get Pre-Approved Today!

Our Process is Quick & Easy! Get Pre-Approved Today

Making smart choices with semi-truck leasing is critical to any trucking company working in logistics. Having up-to-date equipment to maximize efficiency and stay in compliance with the ever-changing regulations is important to a company’s growth and sustainability. We’ve made the funding process quick and easy so you can get funded fast and on the road.

  1. Apply Online: Fill out the quick and easy contact form. Or give us a call at (866) 627-6644
  2. Select a Solution: A truck leasing advisor will contact you to go over your funding and business needs. We want to understand your needs to find the best solution that meets your objectives. And help you grow your business.
  3. Review Documents: Once we have determined the best solution for you and your business, documents are generated and emailed for review and signature. An electronic signature is acceptable on most documents.
  4. Get Funded: After the signed contract is returned, we’ll process your documents. Most transactions fund within 1 to 3 days. Fast turnaround to get you the truck and equipment you want up and running.
Outstanding work thank you Dave Bolce was there with our company a Ino Landscaping on getting financing for a mini excavator everything was quick and easy not complicated not making me jump through hoops highly recommended for anybody looking to refinance equipment
Guillermo O.
Guillermo O.
1694452414
Calvin Tuon is a great lender! He walked me through the entire process smoothly. I was able to get two 26 foot box-trucks. I now run a successful logistics company because of Calvin. I will forever do business will Calvin because he’s an honest person and he takes care of his clients
Deangelo R.
Deangelo R.
1694110500
Thank you Top Mark Funding-On a scale of 1 to 10 I rate Top Mark funding a 10+They were hands onThey made sure I got what I neededI will recommend anyone with a business that need to be funded GO TO TOP MARK FUNDING
Marvin H.
Marvin H.
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David Bolce was very professional and did his job excellent.
Andre
Andre
1693586673
My husband and I are so grateful that we found TopMark Funding and even more that we were able to work with Benjamin Gerboth. He is outstanding! He made what seemed daunting so easy. He explained everything in detail, he was knowledgeable, patient and enthusiastic. He would stop at nothing to help us and we really appreciated that. What is more, his kind personality truly made for a wonderful experience. If we had to do it again, we definitely would choose Benjamin Gerboth and would recommend TopMark! Thank you Ben!!!
S. L.
S. L.
1693434176
I’m Cesar and I would like to share my experience with top Mark founding, I had the pleasure to work with a very professional team.They were very easy to talk to and they make financing for a heavy equipment quite easy. This was my first purchase, and they worked with me. I want to give a special thanks to David Bolce he guided me through each step of the way, I really appreciate it.
Cesar G.
Cesar G.
1693358147
I recently purchased a commercial truck using TopMark Funding as my lender. As always with a commercial loan, there are a few bumps and hurtles. But with the assistance of Thomas Battistella, everything worked out well. He is very professional, always promptly answered phone calls and emails. He really came through for me. I highly recommend Thomas at TopMark when considering an equipment purchase.
Terry T.
Terry T.
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Damian is very professional, he always returns calls and completes task as promised. The funding process was quick and painless. I will send all my return business with this organization and refer others. Thanks Damian and Top Mark Funding for everything!!
Luis R.
Luis R.
1692071572
Damien Norris is the Best he was so much help to me in buying my first truck
Jackie V.
Jackie V.
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Jeff Guilford helped orchestrate the processing of my loan from start to finish. He made my first time purchase of a commercial vehicle easier than I expected. I appreciate all the help he gave. He was also very knowledgeable and attentive to my questions.
joy A.
joy A.
1691257091
Justin was extremely helpful. Great communication! Made the whole process effortless.
Erin C.
Erin C.
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Adam helps Us. Made our life so easy. Gracias gracias. Gracias for everything. You really change our lifes.
Noemi G
Noemi G
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Fairly quick easy and efficient
ira G.
ira G.
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Joshua Woodward was super helpful and professional made the whole Process easy definitely recommend.
Damion
Damion
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Great experience. From prequal to funding the entire experience was seemless with TopMark.David Bolce was very professional and responsive to any questions or concerns we had. David was a pleasure to work with and we will be using TopMark again in the near future.Rebecca PerrySenior Vice PresidentKindred Transport, Inc.
Rebecca P.
Rebecca P.
1690239012
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