If you bought a new to you commercial vehicle this year for your business, you should be aware of the savings that might be available to you via the Section 179 tax deduction. Here at Beshore & Keller Ford, we can help you understand this part of your business tax filing and see if you can use it!
If you've bought a Ford F-150, Ford Super Duty or a Ford Transit van, whether it is new or used, you might be eligible to use Section 179 in your tax filing. This allows business owners to write off a portion of the purchase, sometimes a large portion. It helps you save and grow your business.
If you've used trucks and vans that meet the standard with weight restrictions of 6,000 to 14,000 pounds and use it for over 50 percent of the time as your working vehicle while not combining it with other deductions like the standard mileage deduction, you're eligible.
We will make sure that you know which options qualify here in our lineup, and if you purchased last year, how you can apply that to your tax form. This is only for a select type of business and vehicle, meaning those who use a vehicle for work in other fields, like delivery or rideshare app services, aren't eligible for this particular option.
If you're in Manchester, PA, and the surrounding areas of York, Dover, and Middletown and have a business vehicle you bought in 2023 from us, get in touch to know your options regarding Section 179. If you're looking to grow your business this year and need a fleet of vehicles, you can check out the trucks and vans in our new Ford selection, and learn how you then can use Section 179 for a write off on next year's taxes. Contact us to begin soon.