Section 179 Tax Deductions | Helping Your Business Thrive
Now is the perfect time to choose a Ford. With Section 179 tax deductions, your business will be well on its way toward getting the equipment and tax support it needs to elevate it to new heights. At Monadnock Ford Swanzey, we take pride in helping our customers get the most out of every visit.
We partner with contractors, fleet operators, plumbers, landscapers, electricians, small business owners, and more. We help them find ways to reduce their tax liabilities. Section 179 is a great tool to have in your corner.
What is Section 179?
Section 179 is an IRS tax code that gives businesses the power to deduct the cost they spend on qualifying equipment. This tax code applies to vehicles purchased in that year and used for business purposes at least 50% of the time.
Key Advantages of Section 179
- Reduction of taxable income that's immediate. Your business does not have to write off deductions a little at a time.
- Enhanced year-end cash flow planning.
- The freedom to reinvest your tax savings back into your business operations.
- A wide range of qualifying equipment you can choose to support your business functions.
Qualifying Ford Models
Section 179 tax deductions allow you to purchase vehicles that easily qualify for the incentives. A vehicle's Gross Vehicle Weight Rating (GVWR) is used to determine its eligibility. Models over 6,000 pounds may qualify under this program.
- Ford F-150®
- Ford F-150 Lightning®
- Ford Super Duty®
- Ford Transit®
- Ford Explorer®
- Ford Expedition®
Example of Potential Tax Savings
If your business buys a Ford Super Duty model for approximately $85,000, and you're in a 30% combined tax bracket, you can reduce your tax liability by around $25,500. Nevertheless, every business is unique. Seek advice from a tax professional to determine how Section 179 impacts your business financial plan.
Reasons to Choose Monadnock Ford Swanzey
Our dedication to outstanding customer service is second-to-none. Our experts go the extra mile to ensure your business needs are met. Whether it's outstanding pricing or world-class service, you'll get it here when you choose Monadnock Ford Swanzey.
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Monadnock Ford Swanzey
119 Monadnock Highway
Swanzey, NH 03446
- Sales: 603 283-5945
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