Volvo Tax Incentives near Westport, MA

Business man handing over money

Tax Credits Available
on the Volvo XC40 Recharge and XC90

When you shop at Viti Volvo Cars Tiverton, you may be eligible to take advantage of Volvo tax incentives and save on the cost of the vehicle you have your eye on. The new Volvo XC90 is eligible for the Section 179 Tax Deduction, while the Volvo XC40 Recharge qualifies for an electric vehicle tax credit. Have questions about how you can claim these Volvo tax deductions? Come by our Volvo dealership near Westport, MA, to speak with our auto financing team today.

What Volvo Vehicles Qualify for Section 179?

The Section 179 Tax Deduction was designed by the U.S. government to help small and midsize companies invest in themselves by allowing them to deduct the costs of vehicles used for business purposes. For 2021, SUVs and crossovers that have a GVWR (gross vehicle weight rating) over 6,000 pounds can qualify for a deduction of up to $25,000 if the vehicle is purchased and put into service before December 31.1 The 2021 Volvo XC90 SUV meets the GVWR requirement, meaning that you can claim the Section 179 tax incentive when you buy a new XC90 at our nearby Volvo dealer. To learn more about how you can apply Section 179 tax incentives to your Volvo purchase, stop by Viti Volvo Cars Tiverton.

What Is the Volvo EV Tax Credit?

Did you know that you can claim a federal tax credit when you buy an all-electric or plug-in hybrid Volvo model? As a fully electric vehicle, the new 2021 Volvo XC40 Recharge is eligible for a tax credit of up to $7,500.1 Interested in buying one of our new Volvo plug-in hybrids? You can still claim a tax deduction over $5,000 on eligible models, like the new Volvo S90, V60 and XC60.1 Making the decision to switch to a Volvo EV has never been easier!

Conquest chart comparing 2021 Volvo XC40 Recharge to it's competitors

1See dealer for details.

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