Section 179 Tax Deduction

Commercial Vehicle
Tax Deduction


Section 179 Tax Deductions for Commercial Ford Vehicles

What are 179 Tax Deductions? They are a current IRS tax code that makes it possible to buy qualifying Ford vehicles and deduct up to the full purchase price from your gross taxable income. The 179 Tax Deductions are meant for small to medium businesses buying necessary equipment, but it applies to vehicles used for business needs.

Learn more about the 179 Tax Deductions and how you could save on a commercial Ford vehicle.

Which Models Qualify?

If you're interested in saving on a commercial Ford truck for your business, keep in mind that trucks with a gross vehicle weight rating above 6,000 pounds and more than 6 feet of bed space qualify. If a pickup truck meets these requirements, it qualifies for a maximum first-year deduction of up to $25,000 of the full purchase price and a 60-percent depreciation of any remaining balance.

SUVs also are eligible if they have a gross vehicle weight rating above 6,000 pounds but under 14,000 pounds. You can potentially save $25,000 if it is placed in service before December 31st and meets other requirements.

What's the Catch?

There's no catch: you just have to be sure that you and the vehicle actually qualify for the Section 179 Tax Deductions. A qualifying vehicle must be used at least 50 percent of the time for business in the first year that it is placed in service, which is based on the mileage. The cost that is eligible for the deductions is dependent on the percentage used for business if driven for both business and personal use.

There are limits to the total amount written off and the total amount of equipment purchased. If you spend less than $2.5 million on equipment for your business, you will likely qualify.

Learn More and Start Exploring

If you want to learn more about Section 179 Tax Deductions, consult a tax specialist. Start exploring our commercial Ford inventory to find vehicles that may qualify for significant savings through Section 179 Tax Deductions today!

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  1. Sioux Falls Ford

    4901 W. 26th St
    Sioux Falls, SD 57106

    • Sales: 833-474-2936
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Sioux Falls Ford

4901 W. 26th St
Directions Sioux Falls, SD 57106

  • Sales: 833-474-2936
  • Service: 833-513-7019
  • Parts: 605-361-9600
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