Section 179

Unlock Tax Savings with Section 179 at Andy Mohr Ford

The end of the year is the perfect time to take advantage of tax benefits for your business. Section 179 of the IRS tax code allows businesses to deduct the total purchase price of qualifying equipment, including commercial vehicles, purchased or financed during the tax year. At Andy Mohr Ford, we’re here to help you maximize your savings by selecting the right vehicle for your needs.

Who is Eligible?

Most businesses that purchase, finance, or lease less than $4,270,000 in equipment or vehicles during tax year 2024 are eligible for this deduction. To qualify, equipment must be purchased or leased and put into service between January 1, 2025, and December 31, 2025. Our team at Andy Mohr Ford can help determine if your purchases meet Section 179 eligibility.

How Does It Work?

Typically, business equipment depreciation spreads out over several years, allowing only a portion of the expense as a yearly deduction. For example, a $50,000 equipment purchase may only provide $10,000 in tax deductions annually over five years. Section 179 lets you write off the entire cost in the purchase year, offering immediate tax relief.

Are There Limits?

While Section 179 offers tremendous benefits, it comes with some limits. The 2024 cap for Section 179 deductions is $1,220,000, with a maximum total equipment purchase limit of $3,050,000. Above that, the deduction phases out dollar-for-dollar, making it ideal for small—to medium-sized businesses.

Why Choose Andy Mohr Ford?

With years of experience in commercial sales, Andy Mohr Ford has the expertise and inventory to support your business growth. We’ll walk you through the Section 179 process to ensure you fully benefit from this valuable deduction, saving you money while keeping your business moving forward.

Get Started Today!

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