Are you looking to purchase a vehicle for your business, but do not want this major expense to break the bank? Do not worry, because Crouse Ford is here to help you get a full comprehension of the nifty Section 179 tax deduction. Under this IRS tax code, a business has the opportunity to deduct the full purchase of equipment that qualifies and that was purchased or financed during the tax year. That means that you can deduct the total purchase price, up to $1,040,000* from your gross income. Equipment that qualifies includes commercial or other vehicles used by businesses. The 2020 Section 179 tax deduction aims to be more beneficial to small businesses than ever. Stop by Crouse Ford today to get the full details.


The equipment purchased or financed must be in service between January 1 and December 31, 2020. This year, Bonus Depreciation is being offered at 100%*. While Bonus Depreciation covered only new equipment in the most recent tax law passed, bonus depreciation now also includes used equipment.


 

The Ford business vehicle models must be used for business purposes more than 50% of the time for it to follow under the Section 179 deduction. All you have to do is use the handy Section 179 tax deduction calculator to multiply the cost of the business vehicle you purchase by the percentage of business-use to arrive at the monetary amount.


The knowledgeable sales team at Crouse Ford would be more than happy to show you our inventory of the qualified Section 179 tax deduction vehicles. We are your premier source for a business vehicle in the Taneytown area. You can pick the Ford Transit Cargo Van to be your ultimate business partner with all of the space it offers. You can also enjoy the robust Ford Super Duty series that can help you transport cargo to your next work site or one of many other vehicles that qualify. Do not delay enhancing your business with the help of Section 179 Tax Deduction and stop by Crouse Ford today to browse our inventory.

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