What Is Section 179? How to Save This Tax Season

December 14th, 2022 by

2021_Ford_Transit_Driving

 

 

If you’re a small business owner, Section 179 of the IRS tax code could be the key to major savings on your next vehicle. This powerful deduction allows businesses to write off the entire purchase price of qualifying vehicles used for work purposes.

At Sunset Ford, we’re here to help you leverage this opportunity before the end-of-year deadline hits.

What Is Section 179?

Section 179 is a tax deduction that lets businesses deduct the full purchase price of qualifying equipment—like work vehicles—from their gross income. Instead of writing off a vehicle’s depreciation over several years, you can take the entire deduction in the year you purchase and put it into service. This deduction is especially valuable for small and mid-sized businesses looking to reduce their taxable income quickly while investing in dependable, high-performing vehicles.

Let’s say you purchase a 2025 Ford Super Duty® for $70,000 and use it 100% for your landscaping business. Under Section 179, you could deduct the full $70,000 from your gross income—potentially saving up to $14,000 or more, depending on your tax bracket. That’s real money staying in your business.

Take a Look at Qualifying Ford Vehicles

Many commercial and business-use Ford models are eligible for Section 179 deductions, including a range of trucks, vans, and SUVs. These vehicles typically meet the 6,000-pound GVWR requirement or qualify under IRS guidelines for business equipment.

Eligible Ford models include, but are not limited to, the following:

  • F-150®
  • Super Duty® Series (F-250®, F-350®)
  • F-150® Lightning®
  • Transit® and Transit Connect®
  • E-Transit™
  • Explorer® and Expedition®

If the vehicle is used at least 50% for business, it may qualify for the deduction. Consult with your tax professional to verify your exact eligibility.

Unlock Your Section 179 Savings Today with Sunset Ford

Contact Sunset Ford today to learn how you can take advantage of the Section 179 tax deduction and save big on your next business vehicle purchase.

Act Now for Time-Sensitive Tax Relief

Section 179 is tied directly to the tax calendar. To claim your deduction for the current tax year, your qualifying Ford vehicle must be purchased and put into service before December 31st. That means now is the time to act if you’re considering a new commercial or work-use vehicle.

Waiting too long could mean missing out on thousands in potential tax relief. At Sunset Ford, we make the process quick and easy so you can hit your deduction deadline with confidence.

How to Claim the Deduction

To take full advantage of the Section 179 tax deduction, follow these simple steps to ensure your vehicle purchase qualifies before the tax year ends:

  1. Purchase an eligible vehicle at Sunset Ford before the end of the tax year.
  2. Put it into business use immediately.
  3. Work with your accountant to file IRS Form 4562.
  4. Deduct the cost on your tax return and enjoy the benefits.

By following these steps, you can maximize your business savings and make your next Ford purchase even more financially rewarding.

Let Sunset Ford Help You Take Advantage

Our commercial specialists at Sunset Ford understand how to pair you with a qualifying vehicle that fits your budget and your business needs. We’ll walk you through available models, financing options, and answer any questions you have about Section 179.

Don’t wait—explore our work-ready Ford inventory today.

 

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