I was a W2 employee in 2025 and also bought a business. Basic details are: I will have about $250k in W2 income in 2025 and self employment business loss of about $25k including the acquisition. I need a vehicle for the new business and expect income to be lower in 2026.
From what I understand, if I buy the vehicle in 2025 I can use bonus depreciation to offset W2 income, and if I buy the vehicle in 2026 I can also use Section 179 - but my overall income and tax bracket will be lower.
Which year should I buy the vehicle?
