Section 179

Section 179 of the IRS tax code was designed in an effort to benefit small businesses. Section 179 lets businesses deduct the purchase price of qualifying equipment plus software purchased or financed during the fiscal year up to a grand total of $1,000,000.* If you lease or buy a qualifying piece of equipment, you can deduct the entire purchase from your income. The Section 179 incentive was created by the American government to encourage small businesses to buy equipment and invest in their brand. Almost every type of business equipment that your company may be required to buy will qualify for this incentive.


 

For commercial vehicles and any other model that is used more than 50% in a qualified business manner, the total deduction for depreciation includes both the Section 179 expense deduction and 100% Bonus Depreciation.* Section 179 for this year expires at midnight on 12/31/2018. If you want to deduct the price of the equipment from this year's taxes and take advantage of the new higher deduction limits, it must be obtained and put into service by that time.


When it comes to operating a business in Reading, we all know how critical it is to have transportation for your business. From our inventory of Transit vans to a broad selection of F-Series trucks, any vehicle you need for your business is here at Tom Masano Ford, your Ford dealer in PA. If you're trying to take your business to the next level, then you can benefit from the Section 179 tax break here at Tom Masano Ford, your Lancaster Ford dealership. There is no better place to purchase a commercial vehicle in Reading than Tom Masano Ford, your Ford dealer in PA, where you can not only protect your budget when it comes to taxes but also get your vehicle for a competitive price.


*Please see a tax professional for details.

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Tom Masano Ford Lincoln

1600 Lancaster Ave
Directions Reading, PA 19607

  • Sales: (877) 866-6272
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*Please see tax professional for details
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