Ford Section 179 Deduction near Valparaiso, IN
Ford Section 179 Deduction
near Valparaiso, IN
Are you a local business owner looking to upgrade your company with new or used Ford fleet vehicles? Come check out our selection of commercial Ford trucks and vans for sale and find out how you can save big with the Section 179 Tax Deduction! What is Section 179? It’s an IRS tax code meant to help small- and medium-sized businesses invest in themselves by allowing them to write off up to 100% of the costs of qualifying vehicle purchases. In order to claim Section 179 tax savings for the current fiscal year, your vehicle must be purchased and put into service by December 31 — so hurry into our Ford dealership near Valparaiso, IN, now!
Section 179 Qualifications & Guidelines
In order for a Ford vehicle to fully qualify for the entire Section 179 deduction, it must meet the following criteria:
- Fully enclosed driver’s compartment/cargo area
- No seating at all behind driver’s seat
- No body section protruding more than 30 inches ahead of the leading edge of the windshield (i.e., a classic cargo van)
- Vehicles that can seat 9+ passengers behind the driver’s seat
Some personal vehicles may also qualify for partial Section 179 rebates if used for business purposes at least 50% of the time:
- Section 179 deduction limit of $11,160 for cars (including Bonus Depreciation)
- Section 179 deduction limit of $11,560 for trucks and vans (including Bonus Depreciation)
- Certain SUVs between 6,000 and 14,000 pounds qualify for up to a $25,000 deduction (including Bonus Depreciation)