If you've been considering buying a new Ford vehicle for your business, you may be able to save with the Section 179 tax deduction codes. Section 179 allows you to save money on any new or used vehicle purchase, as long as it qualifies under the guidelines put into place.
Established by the IRS (Internal Revenue Service), Section 179 was created to encourage businesses to purchase the vehicles they need, promising a significant tax benefit with each purchase. With the Section 179 tax deduction, businesses can subtract the entire purchase price of eligible vehicles or properties from their taxable income the year they put the asset into use. That means that, instead of spreading out the depreciation over several years, you get the one lump sum the year you bought the vehicle. Section 179 is designed to provide immediate tax relief for the business, helping stimulate the economic growth of the company and free up money to help expand the business further.
Mostly any business is eligible to use the Section 179 deduction. From construction and landscaping businesses to companies in healthcare, agriculture, delivery services, and retail, you will most likely be able to take advantage of this amazing opportunity. Some of the limits put into place on Section 179 include:
If you have questions about the Section 179 tax deduction, our team is here to help. Feel free to contact us or stop by our West Chester, PA, showroom from Glen Mills, Malvern, or beyond. We'd love to help our Wilmington and New Castle area drivers find the new commercial vehicle they need for their business and save money along the way. We also offer an in-house service center to keep your trucks and vans running strong, and we have a Fred Beans ExpressWay tool to assist with your vehicle purchase. Fill out our finance application or find your way here to learn more.
1155 West Chester Pike
West Chester, PA 19382