Are you a local small business owner looking to take your daily operations to the next level? There's no better way to do so than by enlisting a Ford truck or SUV in your fleet of vehicles! Not only do Ford vehicles offer top-tier capabilities and dependable performance, but they also qualify for enticing Section 179 tax deductions that can help you save big.
So, stop by our Ford dealership near Overland Park to purchase your vehicle and put it into service before the end of the year so you can be eligible for the Section 179 deduction.
What Is Section 179?
The IRS has an established tax code known as Section 179, which aims to promote the expansion of small- to mid-sized businesses. You could potentially deduct up to 100% of the purchase price when you utilize this deduction to buy a new Ford commercial van or truck. However, to be eligible, the vehicle must be purchased and operational by December 31, 2024.
Section 179 Changes for 2025: What You Need to Know
The Section 179 deduction limit is $2,500,000, making major purchases more rewarding for small- and medium-sized businesses. The spending cap is now $4,000,000 -- and once total purchases hit that threshold, the deduction is reduced dollar-for-dollar, fully phasing out at $6,500,000. Whether you buy a new F-150 or used Ford, you can enjoy tax savings with Section 179.
Some of the Section 179 tax deduction specifics include:
- Deduction available for both new and used equipment (as long as it's new to you)
- Leased vehicles may qualify
- Must be purchased, delivered and put into business use by December 31, 2025
- Over 50% business use required for each vehicle
- Vehicle must be titled in the company's name, not an individual's name
Section 179 Vehicle Deductions for 2025
Many new Ford vehicles for sale in Morris Smith Ford of Leavenworth qualify for the Section 179 tax deduction. They include:
- Vocational Trucks & Vans: Full deduction
- Heavy Trucks & SUVs (over 6,000 lbs. GVWR): Up to $31,300
- Passenger Cars, Light Trucks & SUVs (under 6,000 lbs. GVWR): Up to $20,400 in the first year
- Apply to vehicles exceeding 50% business use
- 100% bonus depreciation supplement available
Which Ford Vehicles Qualify for the Section 179 Tax Deduction?
Many new Ford vehicles for sale in Morris Smith Ford of Leavenworth qualify for the Section 179 tax deduction. They include:
- Expedition
- Expedition MAX
- F-250
- F-350
- F-450
- F-550 S
- Transit Cargo Van
- Transit Passenger Wagon
Buy a New Ford Near Overland Park, KS
If you have any further questions about the Ford vehicles that qualify for Section 179 or you'd like to schedule a test-drive, don't hesitate to contact Morris Smith Ford of Leavenworth. We're here to help you save on the new Ford truck or SUV that's perfect for your business needs, so reach out today to learn all about the Section 179 tax deduction. We can't wait to help you get the keys to a new Ford F-250 or used F-150 truck that can power up all your time spent on the worksite!
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