Ford Section 179 Deduction Near Dalton, GA
Boost your company's transportation capabilities with the exceptional selection of new and pre-owned Ford commercial vehicles for sale at Chatsworth Ford! Our Ford dealership near Dalton is the go-to source for local businesses looking to purchase top-notch trucks and vans designed to elevate your operational efficiency. We're committed to delivering value to small- and medium-sized businesses, which is why we're thrilled to guide you through the advantages of the Section 179 tax deduction. This enticing tax break could allow you to write off up to 100% of the cost of vehicles purchased for business use!
To take advantage of the Section 179 tax benefit for the current tax year, it's crucial to ensure that your vehicle is acquired and put into use by December 31, 2023. Take this chance to propel your business forward while seizing significant vehicle tax savings!
2023 Section 179 Tax Deduction Info
The Section 179 incentive is a strategic tax benefit crafted to aid small- and medium-sized businesses in reducing operating costs. This initiative allows eligible companies to deduct the expense of eligible vehicles from their year-end taxes, fostering financial relief. Because the Section 179 deduction was created to help small businesses invest in themselves and grow, there are caps in place concerning the deduction amounts that can be claimed.
- 2023 Deduction Limit: $1,160,000 -- applicable for new and used equipment (must be new to the purchaser).1
- 2023 Bonus Depreciation: 80% -- valid for new and used equipment.1
- Passenger vehicles (including pickups or heavy SUVs) weighing between 6,000 and 14,000 pounds, are eligible for a maximum first-year deduction of up to $28,900 in 2023.1
What Ford Vehicles Eligible for Section 179?
While many "single-use" vehicles qualify for a 100% deduction, you can also claim partial deductions on many traditional passenger vehicles. Qualifying new Ford and used vehicles for the 2023 Section 179 tax deduction include:
- Ford Transit Cargo Van
- Ford Transit Passenger Wagon
- Ford F-250
- Ford F-350
- Ford F-450
- Ford F-550 S
- Ford Expedition
- Ford Expedition MAX
Buy a Commercial Ford Truck Near Me
Contact Chatsworth Ford to arrange a test-drive of the formidable Super Duty® or explore how a Transit van can boost your company's everyday workflow. No matter if your business requires the roomy comfort of a Ford SUV, the robust strength of a heavy-duty truck, or a different model altogether, the Section 179 tax deduction enhances the value of your investment!
1 Information accurate as of publishing date. Please consult https://www.section179.org for the most up-to-date details.