Section 179
Section 179 Tax Deduction
As your trusted automotive resource, we’re excited to share that the Section 179 tax deduction can significantly lighten your load. At Packey Webb Ford, business owners can maximize their savings on commercial vehicles through these deductions. If you need a work vehicle that you plan to use for at least 50% business purposes, you may be able to deduct some or all of the purchase price.* Explore our selection of Ford SUV models and enhance your business with the benefits of Section 179. Let’s work together to drive your success!
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What is Section 179?
Section 179 is a part of the IRS tax code designed to assist small to medium-sized business owners in acquiring essential equipment for their operations. It allows them to deduct up to the full purchase price from their tax liability. Many different Ford vehicles can apply with Section 179. Our lineup of Built Ford Tough vehicles make for the perfect business partner. Our top picks include Ford F-150, America’s favorite, and the Super Duty to get jobs done with ease. If you are looking for an SUV, browse our Expedition or Transit options. Need something greener? Let’s explore the F-150 Lightning. To maintain its focus on benefiting small businesses, there is a limit on the total deductions, which means that larger companies and corporations that exceed this cap cannot take advantage of the deduction. This IRS tax benefit allows small to medium-sized commercial businesses to deduct the cost of business equipment. For qualifying businesses, Section 179 enables a deduction of up to $1,220,000 during the tax year, with a purchase limit of $2,890,000.* Additionally, you can take advantage of a 60% bonus depreciation on both new and used vehicles. Get the most out of your business investments and start saving now with the Section 179 tax deduction.
Which 2024 Ford Models May Qualify* for Section 179?
Ford Bronco 4-Door – 6,040-6,180 (estimated, with some 2.3-liter and all 2.7-liter models)
Ford Explorer – 6,060-6,150 (with 3.0-liter V6)
Ford Expedition – 7,450
Ford Expedition MAX – 7,700
Ford F-250 Super Duty – 10,000
Ford F-350 Super Duty – 14,000
Ford F-450 Super Duty – 16,500
Ford F-550 Super Duty – 19,500
Ford Transit Cargo Van T-250 HD – 9,070
Ford Transit Cargo Van T-350 HD
F-150 Lightning – 10,360
* To verify a vehicle’s GVWR of over 6,000-pounds, check the driver’s door. For precise information on a specific vehicle’s GVW, consult a qualified professional.
Visit Packey Webb Ford to learn more and find the perfect Built Ford Tough model to get your job done!
*Individual tax situations may vary. The information presented here was accurate at time of publishing but Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your business.
* Please visit the IRS website or consult a qualified tax professional for confirmation of the current Section 179 limits and information related to your situation.