If you are a small- or medium-sized business owner and are looking for substantial ways to reduce operational expenses while bolstering your company's fleet, let the experts at Greenwich Ford guide you! At our Ford dealer in Greenwich, we provide insights into the potential savings that can be achieved through the Section 179 tax deduction. This IRS tax code was specifically crafted to benefit businesses like yours by allowing deductions up to the full purchase price of vehicles bought for business use, including Bronco SUVs and F-150 pickups.1
To leverage this fiscal year's Section 179 tax deductions fully, ensure that your vehicle is purchased and put into service before December 31, 2024. Round off your financial year with a fantastic addition to your fleet and enjoy remarkable savings!
For detailed information on this offer visit our local Ford dealer where our knowledgeable staff is on hand to assist. We will help identify new and pre-owned commercial trucks or Ford cargo vans that will significantly enhance your business operations.
Section 179 Tax Deduction Limits in 2024
The goal of the Section 179 tax code is to support small- and medium-scale businesses; hence there are certain spending restrictions imposed on how much a company can deduct.
The Section 179 limits for 2024 are as follows:
- 2024 Deduction Limit: $1,220,000 -- applicable to new and used equipment (must be new to the buyer).1
- 2024 Bonus Depreciation: 60% -- valid for new and used equipment.1
- Passenger vehicles (such as pickups or heavy SUVs) weighing more than 6,000 but less than 14,000 pounds can qualify for a partial deduction up to $30,500.1
Which Ford Vehicles Are Eligible for Section 179?
Does the Ford Explorer, Bronco or F-150 qualify for Section 179? Numerous Ford models are eligible for the Section 179 tax deductions. This includes various used vehicles that comply with the rules set forth by Section 179 vehicle eligibility. Whether it is a new Ford model or a previously owned one, the crucial factor is that it’s new to you.
Some Ford commercial vehicles that may qualify for the Section 179 tax savings 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
Why Buy a Ford Commercial Vehicle?
Whether your business requires passenger vehicles or trucks capable of moving hefty cargo loads, you need something reliable and robust like a Ford truck for sale in Greenwich. The substantial savings offered through Section 179 make investing in popular commercial Ford vehicles even more appealing.
Visit us today to check out our inventory! It's an excellent opportunity to buy a commercial Ford Transit or F-250 pickup while enjoying fiscal year-end savings. We look forward to assisting you with this massive tax-saving opportunities!
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1 Information accurate at the date of publishing. Refer to https://www.section179.org for the most up-to-date specifics.