Ford Section 179 Tax Deductions near Sauk Centre, MN
Ford Section 179 Tax Deduction
Near Sauk Centre, MN
Understanding business requirements is paramount to Juettner Ford. We realize that a reliable lineup of vehicles is essential for any successful business. As such, we're proud to offer a comprehensive collection of Ford commercial vehicles that qualify for the Section 179 tax deduction, ranging from rugged work trucks and versatile vans to sturdy SUVs.
With the Section 179 deduction, your business can make significant savings on qualifying Ford commercial vehicles. Designed to assist small- and medium-sized businesses, this tax deduction allows you to write off as much as 100% of the costs of business-owned vehicles. It's crucial to note that in order to qualify, your vehicle must be purchased and put into operation by December 31, 2024.1
Don’t wait any longer! Visit our Ford dealership near Sauk Centre today to explore how maximizing the 2024 Section 179 tax deduction can significantly boost your business savings.
2023 Section 179 Tax Deduction Details
Created to foster the growth of local businesses, the Section 179 tax deduction offers significant savings opportunities on both new Ford models and pre-owned vehicles primarily used for commercial purposes. What’s key is that the vehicle is new to you.
This incentive can considerably help businesses striving to bolster their operations with a reliable fleet.
The 2023 Section 179 deduction limits are set as follows:
2023 Deduction Limit: $1,160,000 -- applicable for both new and used equipment (vehicle must be new to the buyer).1
2023 Bonus Depreciation: 80% -- valid for both new and used equipment.1
Passenger vehicles (including pickups or heavy SUVs) with a weight ranging between 6,000 and 14,000 pounds, are eligible for a maximum first-year deduction of up to $28,900 in 2023.1
Qualifying Section 179 Ford Models
Many single-use vehicles qualify for full Section 179 deductions while regular passenger vehicles can qualify for partial deductions. Eligible Ford models for both full and partial deductions include:1
- Ford Expedition
- Ford F-150
- Ford F-250
- Ford F-350
- Ford F-450
- Ford Mustang Mach-E
- Ford Transit Cargo Van
- Ford Transit Passenger Van
Commercial Ford Dealership Near Me
If your business is looking to expand with top-notch vehicles like the Ford F-150, Transit Cargo Van or Expedition, look no further than Juettner Ford. Our Alexandria Ford dealership boasts a wide selection of Ford work vans, heavy-duty trucks and business-use SUVs suited for tackling various tasks.
Contact Juettner Ford to round out your commercial fleet with any of these eligible vehicles. Remember, you’ll want to put them into service before the end of the year to claim your 2023 Section 179 tax deduction!
1 Information accurate at date of publishing.
