Greater Benefits for Small Businesses.

Did you invest in a new piece of equipment for your small business in 2021? Thanks to the 2017 IRS Tax Cuts and Jobs Act, many purchases of new equipment, including qualifying new vehicles, can be written off up to the entire purchase cost of purchases on your 2021 tax returns. Keep reading to learn more!

Is There a Catch?

In order to qualify for Section 179, vehicles must be purchased and placed into service between January 1, 2021 and December 31, 2021. More than 50% of the vehicle's use must be for business uses (based on mileage) during this time.

There's a writeoff cap of $1,050,000 and a spending cap of $2,620,000 that both apply to the Section 179 Deduction. Once you go over the spending cap, the available deductions are reduced on a dollar for dollar basis. This cap was put in place to help make Section 179 more of a small business tax incentive.

Transit

You can get the versatile Transit potentially deducted up to the entire purchase cost this year on your 2021 IRS Tax Return.

Get Your Transit

Transit Connect

Write your tough and capable Transit Connect Van off of your 2021 taxes!

Get Your Transit Connect

Super Duty®

The power of the Super Duty can take you far on the job, and Section 179 can take you even farther by allowing you to potentially deduct the entire cost of purchase from your 2021 IRS Tax Return.

Get Your Super Duty®

Medium Duty

If you purchased a Ford Medium Duty in the year 2021, you may be able to write it off your 2021 taxes.

Get Your Medium Duty
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