Ford Section 179 Tax Deduction
In the world of local businesses, reliable transportation is a vital component to success. Here at Ron DuPratt Ford, we have an impressive variety of commercial Ford trucks, vans and SUVs crafted to meet the unique requirements of your business and exceed your expectations.
Couple our competitive prices with the benefit of claiming a Section 179 tax deduction on your new F-250 or Transit purchase, and substantial savings could be yours to enjoy just by purchasing a qualifying vehicle at our Ford dealership near Fairfield.
Please be aware that to qualify for this opportunity your vehicle must be put into service before the end of December 31, 2023.1 So, what are you waiting for? Visit us today to familiarize yourself with the 2023 Section 179 tax deduction!
What Are the 2023 Section 179 Tax Deduction Limits?
The Section 179 tax deduction is specifically formulated to assist small or medium-sized businesses and boost their operations by optimizing their savings on vehicles employed for business use. Tax deduction limits for specific models are determined by their weight and design. Here are the deduction limits for 2023:
- 2023 Deduction Limit: $1,160,000 -- applicable for new and used equipment (must be new to the purchaser).1
- 2023 Bonus Depreciation: 80% -- valid for new and used equipment.1
- Passenger vehicles (including pickups or heavy SUVs) weighing between 6,000 and 14,000 pounds, are eligible for a maximum first-year deduction of up to $28,900 in 2023.H21
Which Ford Models Qualify for Section 179?
A host of new passenger vehicles and Ford commercial trucks near Fairfield are eligible for full or partial tax deductions under Section 179.1 The list of eligible models include:
- Ford Expedition
- Ford Expedition MAX
- Ford F-250
- Ford F-350
- Ford F-450
- Ford F-550 S
- Ford Transit Cargo Van
- Ford Transit Passenger Wagon
Ford Commercial Truck Dealerships Near Me
When you're ready to incorporate a new Ford Super Duty® or Expedition into your business fleet, contact Ron DuPratt Ford in Dixon or visit our showroom today. Whether your business requires a new cargo van for deliveries or an HD truck for towing heavy equipment, the 2023 Section 179 tax deduction can help you achieve savings. Don't hesitate; enhancing your fleet with quality vehicles could reward you with significant tax advantages!
1 Information accurate at the time of publishing. Refer to https://www.section179.org for the most current specifics.