Does a taxpayer who uses a vehicle strictly for business qualify for Section 179 depreciation?

A taxpayer who uses a vehicle strictly for business can indeed qualify for Section 179 depreciation, which is designed to incentivize business investment by allowing immediate expensing of certain types of property, including vehicles. The key requirement for vehicles under Section 179 is that they must be used for business purposes more than 50% of the time. Since the scenario specifies that the vehicle is used strictly for business, this meets the criteria necessary to benefit from the Section 179 deduction.

In this case, using the vehicle exclusively for business allows the taxpayer to deduct the entire cost of the vehicle, up to the limits set by the IRS, in the year the vehicle is placed in service. This provision is particularly advantageous for business taxpayers as it encourages purchasing assets that contribute to the operation of the business.

The other statements involve conditions that do not apply directly to the criteria for Section 179 depreciation, thus making them less supportive of the scenario in question. The nuances around usage percentages or the need for special approval are not relevant when the vehicle is utilized solely for business purposes.