Section 179 Tax Deduction

Section 179 Tax Deduction

POTENTIAL TAX BREAKS WHEN YOU BUY A NEW FORD COMMERCIAL VEHICLE

Thanks to the new 2017 IRS Tax Cuts and Jobs Act, many businesses that invest in new equipment, including qualifying new vehicles, can potentially write off a maximum of the entire purchase cost of one or more business vehicles on their 2018 IRS tax returns.* Qualifying Ford commercial vehicles include Ford Transit, E-Series, F-150 or F-250/350 Super Duty® truck. For more information, visit IRS.gov and contact your tax professional. Shown without standard antenna. Vehicle shown with aftermarket equipment.

*Under Bonus Depreciation in Section 168(k) of the Internal Revenue Code, companies may be eligible to fully expense the cost of trucks, vans and SUVs rated over 6,000 lbs. GVWR when purchased for business use. Trucks and vans that are considered passenger vehicles, rated under 6,000 lbs. GVWR, are limited to $18,000 of depreciation in the year of purchase with normal MACRS depreciation on the remaining basis in the vehicle in subsequent years. A vehicle is not considered a passenger vehicle, and is thus not limited to the lower depreciation amounts, if it is considered a "qualified non-personal-use vehicle." Qualified non-personal-use vehicles are vehicles that, by virtue of their nature or design, are not likely to be used more than a de minimis amount for personal purposes. Examples of qualified non-personal use vehicles include 1) a vehicle that can seat nine-plus passengers behind the driver's seat, 2) a heavy non-SUV vehicle with a cargo area of at least six feet in interior length or 3) a vehicle with a fully enclosed driver's compartment/cargo area, no seating behind the driver's seat, and no body section protruding more than 30 inches ahead of the leading edge of the windshield. For more information, see IRC Section 280F(d)(7), Income Tax Reg., Sec. 1.280F-6(c)(3)(iii), Income Tax Reg. Sec. 1.274-5T(k), and Revenue Ruling 86-97, and contact your tax advisor for details. Consult your tax advisor as to the proper tax treatment of all business-vehicle purchases.



Make an Inquiry

  1. Marketplace Motors Inc.

    332 Highway #2 West
    Devils Lake, ND 58301

    • Sales: 701-401-6691
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Showroom Hours

  • Monday 8:00am - 6:00pm
  • Tuesday 8:00am - 6:00pm
  • Wednesday 8:00am - 6:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:00am - 6:00pm
  • Saturday 8:00am - 5:00pm
  • Sunday Closed

Contact

Marketplace Motors Inc.

332 Highway #2 West
Directions Devils Lake, ND 58301

  • Sales: 701-401-6691
  • Service: 701-401-6885
  • Parts: 701-401-6259
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