Section 179 Tax Deduction
Section 179 Tax Deduction
At Wade Ford
It's time to invest in your small business. With the Section 179 tax incentive, you have the opportunity to save big on a new Ford that will propel your business to the next level. Designed by the U.S. government to help small businesses invest in themselves, the Section 179 tax code is perfect for those who want to buy a new or new-to-you Ford commercial vehicle. Whether you're looking to buy a Ford F-150 pickup, a Ford Super Duty® truck or a Ford Transit Van, be sure to stop by our Ford dealership near Atlanta, GA, to ask about how much you can save with the Section 179 tax deduction. There are a couple of guidelines to consider if you're looking to take advantage of this special tax incentive. For example, your Ford vehicle must be put into service by December 31, 2019, and it must be used for business purposes at least 50% of the time.
Specific Ford vehicles that qualify for the Section 179 Tax Deduction can include:
- Ford F-150
- Ford F-250
- Ford F-350
- Ford F-450
- Ford Expedition
- Ford Explorer
- Ford Transit
- Ford Transit Connect
Which Ford vehicles qualify for the Section 179 tax deduction?
- Many business vehicles, including vans that can seat 9-plus passengers behind the driver's seat, like a shuttle van.
- A vehicle with a full-enclosed driver's compartment/cargo area, with no seating behind the driver's seat and no body section protruding more than 30 inches ahead of the windshield, like a classic cargo van.
- Any heavy construction equipment, or large pickups used for construction.
- Passenger vehicles, trucks and vans that are used more than 50% of the time in a qualified business capacity.
The Section 179 tax deduction and Bonus Depreciation are limited to $11,160 for cars and $11,560 for trucks and vans.
