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Section 179 Tax Break

A way for you to lower your business operating costs is by taking advantage of a legal tax incentive. What is Section 179? Your Section 179 deduction qualified equipment includes business vehicles and is designed to support small businesses and the overall economy. Allowing one to deduct the full purchase price of qualified equipment that was purchased or financed during the tax year up to a grand total of $1,000,000.* The Section 179 government incentive encourages companies to earn real benefits by taking action. By purchasing or leasing a vehicle from your Ford dealership, you’ll be able to deduct the full purchase price from your gross income at the end of the 2020 tax year. All businesses that purchase, finance, or lease new or used eligible company equipment should qualify for the Section 179 incentive. 

The attractive and easily comprehensive Section 179 tax break is for small and medium businesses in the year 2020. Commercial vehicles or models used more than 50 percent in your qualified business practice can benefit both from the Section 179 deduction and 100 percent Bonus Depreciation. This means the total deduction is greater and includes both new and used equipment with a spending cap of $3,500,000. As you can see this is quite the opportunity to grow your business in an intelligently calculated way. You must purchase, finance, or lease equipment within the tax year of January 1, 2020, and December 31, 2020, to benefit from this business write-off.

Section 179 vehicles

Here at Rtown Ford, it is our pleasure to provide you with reliable commercial trucks and vans that can transform your business. Our extensive selection of Ford models features the highly popular Ford F-150 and fully capable lineup of F-Series pickup trucks for work on the job site. The versatile Ford Transit Cargo van also will surely advance your missions. And if you commute a lot to work, you can select between a series of efficient sedans and SUV models to ensure peace of mind during your travels. Elevate your business operation to the next level with the Section 179 tax deduction, and our team looks forward to helping you find the right fiscal solution. We work hard to protect your budget and to provide you with a vehicle at a competitive price. Visit us today to learn more about Section 179 tax incentives and excel with this fantastic tax break, and the professionals at Rtown Ford look forward to answering all of your questions along the way!

*Please see a tax professional for details.

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Section 179 Vehicles