Do you manage a small business in Oregon? If so, visit Skyline Ford in Salem and discover the Section 179 tax advantage available on our range of new and pre-owned commercial vehicles! This special tax benefit allows qualifying companies to deduct up to the full purchase price of eligible vehicles from their annual taxes.1
Though the exact savings will vary based on the vehicle's use for commercial purposes and other factors, this is a remarkable chance to enhance your vehicle fleet. Contact Skyline Ford today, and our knowledgeable sales team will help you find the ideal Ford truck, van or SUV that meets your business needs at an excellent price!
What Are the 2024 Section 179 Deduction Rules?
Designed with small- and medium-sized enterprises in mind, the IRS has set certain spending limitations that cannot be surpassed. Take a look at the Section 179 limits, then reach out to our Ford financing experts -- we can offer personalized advice based on your individual circumstances.
- 2024 Deduction Limit: $1,220,0001 - Valid on new and used equipment (must be new to buyer), whether purchased or leased
- 2024 Spending Cap: $3,050,0001 - After this cap is reached, deduction is reduced on dollar-for-dollar basis
- 2024 Bonus Depreciation: 60%1 - Applicable to new and used vehicles - Generally taken after Spending Cap is reached - Tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
Which Ford Vehicles Are Eligible for Section 179?
Whether you're in need of a work-ready truck or SUV, you'll find numerous new Ford models that qualify for comprehensive or partial Section 179 tax deductions. Some eligible models include:
- Ford F-150
- Ford Super Duty®
- Ford Transit
- Ford Expedition
- Ford Expedition MAX
Commercial Ford Vehicles in Salem, OR
Ready to enhance your business fleet? Contact Skyline Ford in Salem to select a new Ford Super Duty® truck or Transit van. Leverage the benefits of the Section 179 tax deduction today to help your company grow and prosper!
Learn More: Use Your Tax Refund Toward a Down Payment | Trade In & Trade Up
1 Information accurate as of publishing date. Please consult https://www.section179.org for the most up-to-date