Section 179

 

Section 179 of the IRS tax code was implemented for the sake of the American small business. Section 179 of the IRS tax code lets businesses subtract the complete purchase price of qualifying equipment and software acquired or financed during the fiscal year up to $500,000.* This means if you acquire or lease an eligible piece of equipment, you can deduct the purchase price from your gross income. The Section 179 incentive was created by our government to support small businesses when they buy equipment and invest in bettering their brand. Almost every single type of business equipment that your company needs to buy most likely qualifies for this incentive.


 

For passenger vehicles, vans, and trucks that are used more than half in a qualified business manner, the total deduction for depreciation including both the Section 179 expense deduction as well as Bonus Depreciation are confined to $11,060 for cars and $11,160 for vans and trucks. Certain vehicles qualify for expensing up to $25,000 if the vehicle is funded and placed in service before the date of December 31 and meets various other conditions. Section 179 for 2017 expires at midnight on 12/31/2017. If you want to subtract the price of that equipment from this year's taxes and take advantage of the improved higher deduction limits, it must be purchased and put into service by that day.


 

When it comes to owning a business in Moon Township, we all know how necessary it is to have decent transportation. From our inventory of Transit models to a broad selection of F-Series models, any vehicle you need for your business is here at Moon Township Ford. If you're trying to take your business to the next level of success, then take advantage of the Section 179 tax break here at Moon Township Ford. There is no better place to grab that commercial vehicle in Moon Township, where you can not just save money on your taxes but get your vehicle for an affordable price.

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Moon Township Ford

5304 University Blvd
Directions Coraopolis, PA 15108

  • Sales: (888) 515-0280
  • Service: (888) 481-4124
  • Parts: (888) 473-2134

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*Please see tax advisor for details
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