Save Big This Tax Season

Take Advantage Of Section 179, The IRS Tax Code Created To Help Small Businesses

Now, under Section 179 of the IRS tax code, small businesses may be eligible to write off up to $500,000 on their 2017 IRS tax returns that was spent on new equipment for their business.

Businesses that purchase or finance no more than $200,000 in business equipment, including qualifying commercial vehicles, during the 2017 tax year should qualify for the full $25,000 deduction.

There has never been a better time to buy a new Ford commercial vehicle for your business! The qualifying vehicle must be purchased and placed into service between January 1, 2017 and December 31, 2017.

Speak to your tax professional today to see how Section 179 can help you. For more information visit IRS.gov (Section 179 Deduction) or contact one of our team members at Grieco Ford. We are you trusted source for commercial vehicles and we look forward to serving you with all of your commercial vehicle needs.

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The tax incentives are available for depreciable tangible property that is acquired by purchase for use in the active conduct of a trade or business. Additional limitation based on purchases. For the 2017 tax year, the aggregate deduction of $25,000 under Internal Revenue Code Section 179 is most beneficial to small businesses that place in service no more than $200,000 of “Section 179 Property” during the year. Certain vehicles, models, and restrictions apply. Each individual’s tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation, deduction, and tax benefits.

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