Ford Section 179 Tax Deductions | New Ford near Napoleon, OH

If you're a small-to medium-size business owner, you know how crucial your bottom line is. Here at Terry Henricks Ford, we understand that struggle, too, which is why we want to help you claim Section 179 tax deductions when you buy a new Ford commercial van or used Ford truck for the jobsite. Stop by our Ford dealership near Napoleon so our Ford financing specialists can walk you through the Section 179 eligibility requirements and show you how to take advantage of this great way to save. We'll show you which new and used Ford models qualify for Section 179 and help you pick out the best fit for you needs. There's no time to spare though, as you need to put your business vehicle into service by end of day of December 31, 2022, in order to qualify. Visit us today to get started!

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What Are the 2022 Section 179 Tax Deduction Limits?

Ready to learn more about the Section 179 tax deduction perks and eligibility requirements? Section 179 tax deductions can be applied to both new and used Ford vehicles as long as it's "new to you" and used for business purposes at least 50% of the time. Browse our inventory to find the Ford commercial van or truck that suits your needs. Curious about which Ford passenger vehicles qualify? The Section 179 tax deductions for passenger vehicles in 2022 are:

  • Cars: $11,160 (including Bonus Depreciation)1
  • Trucks & Vans: $11,560 (including Bonus Depreciation)1
  • Certain SUVs between 6,000-14,000 pounds: $25,000 (including Bonus Depreciation)1

Let the knowledgeable team at Terry Henricks Ford show you all the ways Section 179 benefits small- and medium-sized business like yours, and shop our new Ford models to find your match. Check out the limits and restrictions for Section 179 and follow the guidelines to determine what you can deduct each year. For 2022, the Section 179 deduction limits are:

  • 2022 Deduction Limit: $1,080,0001 -- valid on new and used equipment (must be new to the buyer).
  • 2022 Spending Cap: $2,700,0001 -- the max amount that can be spent on equipment before the Section 179 Tax Deduction begins to reduce on a dollar-for-dollar basis.
  • 2022 Bonus Depreciation: 100%1 -- generally taken after the Spending Cap is reached, valid on new and used equipment.
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