Greater Benefits for Small Businesses.
Its Commercial Vehicle Season at Brian Hoskins Ford! Now is the time to purchase a new commercial vehicle and reap the benefits on your 2025 taxes. Not sure what all you can claim with your new commercial vehicle purchase? No worries! We're here to help break it down.
Section 179 of the IRS tax code gives businesses permission to deduct the full purchase price of qualifying equipment purchased or financed during the tax year.
Is There a Catch?
In order to qualify for Section 179, vehicles must be purchased and placed into service between January 1, 2025 and December 31, 2025. More than 50% of the vehicle's use must be for business uses (based on mileage) during this time.
There's a write-off cap of $1,250,000 and a spending cap of $3,130,000 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 2025 IRS Tax Return.
Get Your TransitTransit Connect
Write your tough and capable Transit Connect Van off of your 2025 taxes!
Get Your Transit ConnectSuper 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 2025 IRS Tax Return.
Get Your Super Duty®Medium Duty
If you purchased a Ford Medium Duty in the year 2025, you may be able to write it off your 2025 taxes.
Get Your Medium DutyLooking for more information on Section 179? Please visit www.Section179.Org for more information.