Save with the Section 179 Tax Deduction in Marysville, WA
If you own a small- or medium-sized business, you can take advantage of the Section 179 Tax Deduction and save big on the equipment you need before the year ends! Under the Section 179 Tax Deduction, eligible equipment includes commercial vans, trucks, SUVs and more, which means now is the perfect time to outfit your business with the vehicles it needs. Come in to our Ford dealership in Marysville, WA, and we’ll help you select the perfect new Ford van or truck for your business. Purchase it and place it into service before midnight on December 31, 2018, and you’ll be able to deduct all or part of its cost this year. The Section 179 Tax Code is designed to help small businesses succeed, so be sure to use it to your advantage before the year is up.
Thanks to the Section 179 Tax Deduction, businesses can write off up to $510,000 for qualified equipment, including Ford trucks and vans, in the 2017 tax year. In order to qualify, the vehicles must be purchased in the company’s name, and not in the company’s owner’s name. However, both the company’s owner and the company need to have good credit. The company must have also been established in the year 2014 or earlier, and the vehicle(s) must be used for work purposes at least 50% of the time.
There are some Ford trucks and commercial vehicles that will be eligible for the full Section 179 write-off, but most are only available for limited deductions. Ford cars, such as the Ford Fusion or others that you might use in a fleet, are limited to a deduction of $11,060. Meanwhile, Ford trucks and vans like the Ford F-150 and Ford Transit are allowed a deduction of $11,160 if their GVWR is under 6,000 pounds. Vehicles with a GVWR over 6,000 pounds are eligible for a deduction of up to $25,000. If you want to take advantage of the full Section 179 Tax Deduction, though, a Ford vehicle must fall into one of these categories:
- Classic cargo van with no seating in the rear and a closed-off driver’s cabin.
- Commercial van with seating for at least nine people behind the driver.
- Heavy, non-SUV vehicle that boasts more than six feet of interior cargo space that isn’t easily accessed from the passenger cabin. For example, a full-sized pickup with cargo bed.
To learn more about the specific new Ford vehicles that are eligible for the Section 179 Tax Deduction, visit Marysville Ford in Marysville, WA. We'd be happy to help you navigate the details!
*See dealer for details. Must take delivery by 12/31/18. Out of State residents may not be eligible. Check with your certified account for additional details and qualifications. Marysville Ford does not guarantee you are eligible for this offer.