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Don't Miss Out On Tax Savings.
3 Months Left To Take Advantage
The Section 179 tax incentive is the perfect way for you to invest in your small business. With the Section 179 tax code, you stand to save big on the new Ford work truck or commercial van you're interested in. The Section 179 tax code was designed by the U.S. government to help small businesses invest in themselves, so be sure to take advantage of these tax incentives when you buy a Ford work vehicle in Indiana. Our Ford dealership in Indianapolis, IN, has new Ford F-150 and Super Duty® work trucks for sale nearby, as well as Ford Transit commercial vans. See how much you can save with the Section 179 tax deduction and learn more about the different Ford Section 179 tax write-off guidelines. Many Ford commercial vehicles are eligible for Section 179 tax savings if they're put into service by December 31, 2020, and used for business purposes at least 50% of the time.
What Is the IRS Section 179 Tax Code?
Designed by the U.S. government to reward small businesses for investing in themselves, the Section 179 tax code allows businesses to write off up to the full purchase price of a new or used vehicle. This can be applied to many Ford models for sale in Indianapolis, from Ford F-150 trucks to commercial vans.
How Can I Save with Section 179 Tax Incentives?
In years past, businesses would be able to write off only a portion of the purchase amount over time as a business expense. Thanks to Section 179 of the IRS tax code, you can write off up to the entire purchase price of a new Ford or used SUV the same year you buy it.
What Are the Limits to the Section 179 Tax Write-Off?
For 2020, the cap to the total amount that can be written off on a Ford commercial vehicle is $1,040,000. The cap to the total amount on equipment purchases is $2,590,000. The deduction decreases after a business surpasses this amount and is eliminated completely once a business purchases more than $3,630,000 in eligible equipment. For this reason, the Section 179 tax deduction is truly meant to help small- and medium-sized businesses in Indiana and across the country.
Which Vehicles Qualify for the Section 179 Tax Deduction?
- 2020 Ford F-150
- 2020 Ford Super Duty®
- 2020 Ford Transit
- And more -- speak with a Tom Wood Ford sales expert for more details!
