@Nipsey_X wrote:
$20,000 to purchase a hybrid car ... My question is will i be able to get the business use of vehicle tax write offs for section 179
Yes, but that might not be the best long-term method. If you use Section 179 (or the Special Depreciation Allowance), you must continue to use the Actual Expenses for the rest of the time you own that vehicle.
As a GENERAL rule, an economical vehicle with high business miles benefits from using the Standard Mileage Rate over the long-term. But you can ONLY use the Standard Mileage Rate if you use it in the first year (and therefore NOT use Section 179).
As a side note .. you mentioned car insurance a couple of times. Tell the insurance company about your DoorDash business and that 90% of the vehicle usage will be used for that. In many cases, your regular insurance will NOT cover you if you are driving for business, and you would also need to purchase a commercial vehicle policy. But that is something that you need to discuss with the insurance agents.
