Section 179 Tax Deduction
Save On Business Taxes!
If you have designs to expand your business this year with rugged work vehicles and cutting-edge technology, then you will definitely want to reap the benefits of the Section 179 tax deduction. We at Tom Masano Ford are proud to be your local destination for reliable Section 179 tax deduction information. Offered through the Internal Revenue Service, this program offers up to $1,050,000* in business tax savings when you are claiming new or used vehicles, technology, software, or equipment bought during the calendar year. This useful incentive is a fantastic method for growing your venture with heavy-duty Ford trucks and state-of-the-art equipment, as well as placing the savings you’ve garnered right back into your company. You only have until the end of the year to enjoy this deduction, so contact our financial experts for more Section 179 tax details.
Know the Facts
Crucial Section 179 tax deduction information to know is that a vehicle, equipment, or specified software must be used 50% or more for commercial reasons to become qualified. The maximum credit you can claim is $1,050,000, which is then subtracted from the gross income of your business for the year in question. Another Section 179 tax detail is that a depreciation bonus of up to 100% can be added to the purchase total you claim, so that your work equipment and vehicles still produce value while they age. Since every business has unique demands, cars, trucks, crossovers, or SUV models all are eligible for Section 179. Let our experts tell you more vital Section 179 tax deduction information while you explore our vast inventories.
Have the Right Tools
Here at Tom Masano Ford, we cannot wait to assist you with understanding the Section 179 tax details. We also will be sure to touch on how powerful the Ford Super Duty® Series truck lineup is and how each metallic titan has the capability to effortlessly crush your projects. The Ford Transit vans are versatile, offering numerous cargo configurations for the demands of your work or passenger options that serve as your dependable fleet. Don’t delay because this Section 179 tax deduction only lasts until the end of the year. Ask us for Section 179 tax deduction information today!