Section 179 Tax Break | Tax Savings

Section 179 of the American IRS tax code was crafted with the average business in mind. Section 179 lets companies subtract the full purchase price of qualifying equipment and software purchased or funded during the fiscal year up to a total of $1,000,000.* This means if you purchase or lease an eligible piece of equipment, you can subtract the entire purchase from your total income. The Section 179 incentive was created by the government to encourage smaller businesses to buy equipment and invest in their own brand. Many types of business equipment that your company may buy could qualify for this incentive.

For models that are being used over 50% of the time in a qualified business manner, the total deduction for depreciation includes the Section 179 expense deduction and 100% Bonus Depreciation.* Section 179 for 2018 expires at midnight on 12/31/2018. If you want to deduct the price of your equipment from this year’s tax total and take advantage of the new higher deduction limits, it must be obtained and put to work by that date.

When it comes to running a business in Mabank, we all know how critical it is to have the transportation you need to get your business to the next level. From our vast inventory of Transit vehicles to a wide range of F-Series models, any vehicle you need for your business is in stock at Tri-County Ford. If you’re trying to take your business to the next level, then benefit from the Section 179 tax break here at Tri-County Ford. There is no better dealership to purchase that commercial vehicle in Mabank, where you can not only save money on your taxes but get your vehicle for a competitive price.

*Please see tax professional for details

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.