Are you looking to expand your business fleet and boost your operations? Turn to Tubbs Brothers Ford! We have a comprehensive selection of commercial Ford trucks and vans for sale, and our team is ready to help you save with the Section 179 tax deduction.
Learn about Section 179 tax savings here and see how easy it is to buy a new Ford F-150 truck or Transit® Cargo Van that is eligible for this tax write-off. Stop by our Ford dealership near Cass City and we'll tell you everything you need to know!
What Is the Section 179 Tax Deduction?
Designed by the IRS to help businesses invest in themselves, Section 179 is a tax code that allows small businesses to write off the costs of qualifying vehicles, provided they are used for business purposes at least 50% of the time. For the 2024 tax year, businesses can write off up to $1,220,000 through the Section 179 deduction, with a total spending cap of $3,050,000.
To claim this advantageous vehicle tax deduction, you must purchase your vehicles and put them into service by December 31, 2024 -- so hurry into Tubbs Brothers Ford and begin the process now!
Which Ford Vehicles Qualify for Section 179?
Vehicles over 6,000 pounds in gross vehicle weight rating (GVWR) may qualify for a full deduction, while other models may offer partial deductions based on their weight and usage.
The following Ford vehicles are eligible for partial or full Section 179 deductions:
- Ford F-150
- Ford Super Duty®
- Ford Transit Cargo Van
- Ford Transit Passenger Wagon
- Ford Expedition
- Ford Explorer
- Other Ford trucks, vans and SUVs
These are just a few of the Ford models eligible for the Section 179 tax deduction. The model you buy can be a new Ford or used vehicle, what's important is that it's new to you! To learn about which Ford passenger vehicles qualify for this IRS tax code, contact Tubbs Brothers Ford.
