If you bought a commercial vehicle for your business in 2023 in Adiran, MI, exploring potential savings through the Section 179 tax deduction is crucial. At Bell Ford, we're committed to guiding you through the deduction and how your business qualifies for this tax filing to maximize your benefits!
Whether it's a Ford F-150, Ford Super Duty, or a Ford Transit van, be it new or used, you may qualify for the Section 179 deduction, allowing business owners to write off a significant portion of the purchase. This deduction serves as a valuable way to save on the costs of the initial purchase and help the growth of your business.
Eligibility for Section 179 extends to new and used trucks and vans meeting weight restrictions ranging from 6,000 to 14,000 pounds and if the truck or van is used over 50 percent of the time as your primary working vehicle. This deduction cannot be combined with other deductions like the standard mileage deduction, which you can use in the following years on the same vehicle, however.
We'll assist you in identifying qualifying options within our lineup, and we'll guide you on how to apply it to your tax form. We'll let you know who is eligible and who is not based on the qualifications and type of business you're running.
For those who need commercial vehicles around Tecumseh, Clinton, Dundee, and Brooklyn, MI, stop in and see us about Section 179 tax benefits for commercial trucks and vans from Ford you purchased in 2023. We can guide you through it and provide more insight and details on how you're able to complete the process.