Section 179 Tax Reduction Near Boston MA

There Are Only a Few Weeks Left Until the Section 179 Deadline!

Running your own business is a challenge -- trust us, we understand. We know that the success of a business frequently depends upon the assurance that everyday operations are always running smoothly. In order to do that, you need all your equipment in top shape, and a trusty commercial vehicle that can be relied upon day-in and day-out. Not to worry! At our Ford dealership near Boston, MA, we have all the commercial vehicles you could need to keep daily operations in line. From new Ford Superduty F-250 and F-350 pickups to Transit Connect Vans, we can work with you to decide which will best suit your business.

 

The best part of buying a commercial Ford vehicle right now is that you qualify for a Section 179 tax deduction. Under Section 179 of the IRS tax code, business can deduct up to the full purchase price of qualifying equipment that's purchased or financed during the tax year. This is the U.S. government's way of incentivizing businesses to invest in themselves by purchasing new equipment.

 

How do you qualify for a Section 179 Tax Deduction?

 

•    Businesses that buy, finance and lease less than $200,000 in used or new equipment (including commercial vehicles) during the current tax year qualify for the full $25,000 deduction. 
•    Passenger vehicles, trucks and vans that don't meet the qualifying guidelines for the full $25,000 deduction and are used more than 50% of the time in a business capacity may be eligible for up to a $11,160 deduction. This excludes ambulances, hearses, taxis and transport vans.

 

What Qualifies for a Deduction?

 

•    Non-SUV heavy vehicles with a cargo area larger than six feet in length, such as full-sized pickup trucks
•    Vans that can seat nine passengers or more behind the driver's seat, such as shuttle vans
•    Vehicles with a fully enclosed driver's compartment and cargo area, with no seating at all behind the driver's seat

 

All qualifying vehicles must have been purchased outright or financed under certain leases. They must be used for business purposes at least 50% of the time, and must have been placed into service within the current tax year.

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