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Section 179 Tax Deduction

179 Tac Deduction


How Section 179 Works:
Thanks to the guidelines under the IRS 179 tax code you can earn a substantial tax deduction when you purchase, finance or lease any qualifying vehicle. The tax benefits provided under IRS section 179, allows many small businesses to write off the entire purchase cost of one or more qualifying new Ford trucks or vans. Savings can be up to $1,220,000!


What Vehicles Qualify For The Section 179 Deduction?

Qualifying Vehicle's Include:

• Heavy SUV's, pickups and vans with more than 60% business use.

• Vehicles clearly dedicated as work and have no potential for personal use.

• Vehicles with not passenger seating, such as cargo vans and box trucks.


TAX TREATMENT: APPLIES TO: ELIGIBLE VEHICLES:
Up to 100%
of the purchase cost in the  first year* 		Trucks and Cargo Vans over 6,000 lbs. GVWR
  • F-150 (6.5-ft. or 8-ft.bed)
  • F-250 Super Duty
  • F-350 Super Duty
  • F-450 Super Duty
  • Transit Van
Up to $25,000
of the purchase cost in the first year*		 Passenger Trucks/Vans and SUVs over 6,000 lbs. GVWR
  • Expedition
  • F-150 SuperCrew (5.5-ft. or  6.5-ft. bed)
  • Transit Wagon
Up to $11,560
of the purchase cost in the  first year* 		Trucks and Cargo Vans under 6,000 lbs. GVWR
  • Transit Connect Van
  • Transit Connect Wagon
Up to $11,160
of the purchase cost in the  first year* 		Passenger Automobiles under 6,000 lbs. GVWR
  • Explorer
  • Edge
  • Escape


*Plus any remaining basis using MACRS method

**If you have questions, consult your tax professional for exact rules regarding Section 179 and vehicles.


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(*Commercial Vehicle price must be before December 31, 2024. Individual tax situations may vary. Please consult your tax advisor for complete details on rules applicable to your business. See Dealer for complete details.)





Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.