Section 179 Tax Deduction
Attention Business Owners!A New Truck or SUV might be a great way to invest in your business and save on your taxes!
Section 179 Tax Deduction of the IRS tax code may allow your business to deduct, for the current tax year, the full purchase price of qualifying equipment or vehicles purchased or financed during the tax year. Whether you buy or lease an eligible new or used car, truck, SUV or van for your business, you can take advantage of the savings at Dorian Ford and the incentives from the government to grow your business.
Qualify for 2025 Tax Deduction
To qualify for the deduction for tax year 2025, your Ford vehicle must be purchased, financed, or leased and put into service between January 1, 2025 through December 31, 2025. In order for your Ford vehicle to qualify, it must be used at least 50% for business, based on mileage, in the first year it is placed in service. Therefore, if you choose to use it for both personal and business use, the cost eligible for the deduction would be the percentage used for business.
As always, check with your tax advisor to see how section 179 of the Tax Code may allow you to get the maximum available tax benefits in 2025 for the purchase of a new or used vehicle for your business or for business use.
Tax Treatment & Eligible Vehicles
| Applies To: | Tax Treatment: | Eligible Vehicles: |
|---|---|---|
|
Trucks and Cargo Vans (Over 6,000 lbs. GVWR) |
Up to 100% of the purchase cost in the first year* | F-150 (6.5-ft. or 8-ft. bed), F-250/F-350 Super Duty, and Transit Van |
|
Passenger Trucks/Vans and SUVs (Over 6,000 lbs. GVWR) |
Up to $31,300 of the purchase cost in the first year* | Expedition, F-150 SuperCrew (5.5-ft. or 6.5-ft. bed), and Transit Wagon |
|
Trucks and Cargo Vans (Under 6,000 lbs. GVWR) |
Up to $12,200 in the first year* | Transit Connect Van and Transit Connect Wagon |
|
Passenger Automobiles (Under 6,000 lbs. GVWR) |
Up to $12,200 in the first year* | Edge, Flex, Escape, Focus, Explorer, Fusion, Fiesta, and Taurus |
Section 179 Tax Deduction Limits
Section 179 does come with limits – there are caps to the total amount written off ($1,250,000 for 2025). All businesses that purchase, finance, and/or lease a new or used business vehicle during tax year 2025 should qualify for the Section 179 Deduction.
For basic guidelines on what property is covered under the Section 179 tax code, please refer to your tax professional. If you are looking for a new or used Ford car, truck, or SUV that qualifies for the section 179 deduction, reach out to our Dorian Ford sales professionals by calling 786-352-0795 or check out our inventory in person or online.
