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What Are Section 179 Tax Deductions?

Ford Superduty

Section 179 Tax Deductions

It's time to invest in your small business. With the Section 179 tax incentive, you have the opportunity to save big on the new Ford truck or commercial van that will propel your business to the next level. Designed by the U.S. government to help small businesses invest in themselves, the Section 179 tax code is perfect for those who want to buy a new or new-to-you Ford commercial vehicle. Whether you're looking to buy a Ford Super Duty or a Ford Transit Connect, be sure to stop by our Ford dealership near Pensacola, FL, to ask about how much you can save with the Section 179 Tax Deduction. There are a couple guidelines to consider if you're looking to take advantage of this special tax incentive. For example, your Ford vehicle must be put into service by December 31, 2019, and it must be used for business purposes at least 50% of the time.

Ford Transit Van Ford F-250

Which vehicles qualify for the Section 179 Tax Deduction?

  • Vehicles designed to seat nine or more passengers behind the driver, such as shuttle vans like the Ford Transit XL Passenger Van and Transit XLT Passenger Van.
  • Vehicles with a fully-enclosed driver's compartment and cargo area, with no seating behind the driver's seat and no body section that protrudes more than 30 inches from the windshield. The Ford Transit Cargo Van would fall into this category.
  • Heavy construction equipment, as well as "over-the-road" Tractor Trailers, will qualify for the tax deduction.
ford F-150

The Section 179 Tax Deduction and Bonus Depreciation are limited to $11,160 for cars and $11,560 for trucks and vans. Exceptions include:

  • Ambulances or hearses you use specifically in your business.
  • Taxis, transport vans and other vehicles used to transport people or property for hire.
  • Qualified non-personal use vehicles specifically designed for business.
  • Other heavy "non-SUV" vehicles and trucks with a cargo area that's at least six feet long in interior length and not easily accessible from the passenger area.
Ford Transit Van

Want to learn more about how the Section 179 tax write-off can help your business thrive? Visit Mullinax Ford of Mobile in Mobile, AL, and you can sit down with one of our Ford financing experts to discuss your options.

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