Section 179 Deduction

Normally, small businesses must spread deductions over several years. The tax benefits provided under IRS Section 179 allow many small businesses to write off up to $500,000 of qualifying new equipment in the year the equipment is placed in service. (Check with your tax professional)

Key Details:

·  The qualifying vehicle must be purchased and placed into service between January 1, 2017 and December 31, 2017

·  It must be used at least 50% for business, based on mileage, in the first year it is placed in service

·  If you choose to use it for both personal and business use, the cost eligible for deduction would be the percentage used for business

·  Note that all businesses that purchase and/or finance less than $2,000,000 in business equipment during tax year 2017 should qualify for the Section 179 Deduction

*For more complete details and a look at our Commercial Truck lineup, please direct your customers to the Ford Commercial Connection Section 179 landing page.

 

HURRY! MUST ACT BY DECEMBER 31, 2017 TO GET DEDUCTION FOR THE 2017 TAX YEAR.

 


Contact

Corning Ford

2280 Short Drive
Directions Corning, CA 96021

  • Sales: (888) 378-5961
  • Service: (530) 824-5434
  • Parts: (530) 824-5434

Make an Inquiry

AdChoices
; ;