# @nerdwallet on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DJFY71rp_i-
- **Gondola URL:** https://gondola.cc/posts/78882589-nerdwallet-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/414e8c61dc.jpg
- **Posted:** 2025-04-30T20:32:32.000+00:00
- **Account Owner:** NerdWallet (@nerdwallet) — https://gondola.cc/nerdwallet

## Caption

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

## Stats

- **Views:** 0
- **Likes:** 249
- **Shares:** 0
- **Comments:** 11

## Credits

No public credits are recorded here. This does not identify who made the post.

## Tags

personalfinance, ronaldo, gwagon, rich, writeoff, simonebiles, nerdwallet, taxhacks

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