NAHB Offers Instant Vehicle Savings & Tax Break for Builders in 2025
The National Association of Home Builders (NAHB) has launched a new program offering immediate savings on vehicle purchases from leading manufacturers. This, combined with the high standard deduction 2024 limit, presents a significant opportunity for my business and contractors to reduce costs and boost business growth.
The NAHB Member Savings Program provides instant discounts on vehicles from Ford, Mercedes, Nissan, and RAM. This lowers upfront costs and simplifies fleet management. Meanwhile, the standard deduction 2024 allows businesses to deduct the full purchase price of qualifying vehicles and equipment in the year of purchase. In 2024, the deduction limit exceeds $1 million, making the purchase of a brand-new work truck or van a substantial year-end tax break.
By combining these two benefits, my business can significantly reduce the effective cost of vehicles. This frees up capital that can be reinvested into business growth and expansion.
The NAHB Member Savings Program, coupled with the increased standard deduction 2024 limit, offers a unique opportunity for my business and contractors to lower vehicle costs and gain a substantial tax break. This combination can provide a significant boost to business finances and support growth in the industry.
