Why are celebrities like Cristiano Ronaldo and Simone Biles obsessed with G-Wagons? It’s not just the looks — it’s a tax hack hidden in Section 179 of the IRS Tax Code! Here’s how the rich turn a luxury car into a smart business decision. The best part is that you don’t have to be rich and famous to take advantage of these strategies. If you own a business and buy a vehicle that weighs over 6,000 pounds (and less than 14,000 pounds) you may be able to write off up to $31,300 from your taxable income. Just make sure the vehicle is used at least for business at least 50% of the time so the IRS doesn’t come after you! #taxhacks #gwagon #ronaldo #simonebiles #nerdwallet #personalfinance #rich #writeoff