2024 Ford Section 179 Tax Deduction in Exeter, PA
Ready to expand your business fleet while maximizing your tax savings? Look no further than our Exeter Ford dealership, where we offer a wide selection of new and pre-owned Ford trucks, cargo vans and commercial vehicles. Thanks to the 2024 Section 179 tax deduction, business owners in Exeter can save significantly when purchasing vehicles for business use.
By utilizing the Section 179 deduction, your business can deduct up to 100% of the purchase price of qualifying vehicles,1 allowing you to reinvest those savings back into your operations.
What Is the Section 179 Tax Deduction?
Section 179 is an IRS tax code designed to help small businesses by allowing them to deduct the cost of qualifying equipment, including vehicles used for business purposes. As long as the vehicle is used for business at least 50% of the time,1 it may be eligible for this deduction.
To qualify for the 2024 tax year, the vehicle must be purchased and placed into service by December 31, 2024.1 Ready to take advantage of this tax-saving opportunity? Visit Key Ford of Exeter to get started today!
Which Ford Vehicles Qualify for Section 179 in 2024?
A wide range of new Ford models as well as used vehicles can qualify for the Section 179 deduction. Whether you're looking for a reliable pickup truck, a spacious cargo van or a versatile Ford SUV, we have options that meet the requirements.
Vehicles over 6,000 pounds in gross vehicle weight rating (GVWR) may qualify for a full deduction while other models may offer partial deductions based on their weight and usage.1
Eligible Ford models include:
- Ford F-150
- Ford Super Duty®
- Ford Transit Cargo Van
- Ford Transit Passenger Wagon
- Ford Expedition
- Ford Explorer
- Other Ford trucks, vans and SUVs
2024 Section 179 Tax Deduction Limits & Benefits
For the 2024 tax year, businesses can write off up to $1,220,000 through the Section 179 deduction with a total spending cap of $3,050,000.1 Once the total amount spent exceeds this threshold, the deduction limit begins to phase out.
Whether you're looking to upgrade your fleet or purchase your first commercial vehicle, the team at our local Ford dealer can guide you through the Section 179 process to ensure you maximize your tax savings.
Visit Key Ford of Exeter for Commercial Ford Vehicles
If you're a business owner in Exeter, visit or contact Key Ford of Exeter to explore our selection of commercial vehicles and learn more about how the Section 179 tax deduction can help your business save. Whether you're interested in the Ford F-150, Super Duty® or one of our versatile Transit vans, we have the right vehicle to suit your business needs.
Learn More: New Ford Commercial Vehicles | Ford Finance Center
1 Information is accurate as of the publishing date. Please consult a tax expert or visit Section179.org for the latest details.