Attention Business Owners!
Take Advantage of Section 179 Tax Rebates Write Off
Up To 100% Of Qualifying Vehicle Purchases!
See All Qualifying Vehicles
Get Your Order In Now. If You Wait, You Might Miss Out!
If you own a small- or medium-sized business in Texas, you can upgrade your fleet and save with the Section 179 tax code. The Section 179 Tax Deduction allows business owners to write off up to the full purchase amount of a truck, van or SUV so long as it’s used for business purposes more than 50% of the time. To claim the Section 179 expense, you must purchase the vehicle and place it into service before end of day on December 31, 2023, but don’t put it off until the last minute! Learn more about the Section 179 deduction limitations and depreciation specifics, then meet with a Five Star Ford Carrollton sales expert!
What Are the Section 179 Limitations?
Keep in mind that vehicles are subject to limitations on any of the depreciation deductions.
The vehicle must be used at least 50% for business to qualify.
Also, there are top end deductions for different classes of vehicles. For example, small cars under 6,000 lbs., Luxury autos, are capped at $18,000 of depreciation in the first year, $10,000 if bonus deprecation is not taken due to luxury auto limitations, the IRS has imposed to help discourage the depreciation of high value vehicles.
SUVs and crossovers with Gross Weight above 6,000 lbs. are capped at $25,000 if Section 179 is taken. SUVs and crossovers with Gross Weight above 6,000 lbs. do not have a cap if Bonus Depreciation is taken.
Pickups and vans with no rear passenger seating that are above 6,000 lbs. also do not have a cap.
Every major brand of pickup (1/2 ton and up) are over 6,000-pounds for purposes of this deduction.
When you get down to the mid-sized trucks you might be surprised to find that some of these are right on the line.
If Section 179 or Bonus depreciation is used standard mileage rates cannot be used for any periods after the year deprecation is taken and actual auto expenses (fuel, tires, repairs, etc.) must be tracked going forward.
What Ford Vehicles Qualify for Section 179?
Ford trucks, vans and other models qualify for the Section 179 Tax Deduction. Our Five Star Ford of Carrollton dealer can help you find the perfect vehicle for your needs and tell you everything you need to know about the Section 179 tax write-off. Section 179 Ford vehicles can include:
Help your business thrive with the Section 179 tax write-off. Sam Pack’s Five Star Ford Carrollton sales experts are standing by to answer all your questions and help you decide on the right vehicle for your business. Claim Section 179 tax savings at our Carrollton TX, Ford dealership!