Potential Tax Breaks When You Buy A New Ford Commerical Vehicle
Section 179 of the tax code allows businesses to write-off up to $1,080,000 worth of one or more company vehicles.
Small businesses can get up to the maximum 2022 tax deduction when they purchase a new Ford COMMERCIAL vehicle by December 31, 2022Â . Thanks to the guidelines under IRS Section 179 of the IRS tax code, many small businesses that invest in qualified new and used equipment can now write-off up to $1,080,000 worth of these purchases on their 2022Â IRS tax returns.
Disclaimer:
This page is for general informational purposes only, and is not meant to be
tax advice, or imply any guarantee of a particular vehicle qualifying for a
Section 179 deduction of any amount. Sayville Ford is not an accounting firm
and is not responsible for errors or omissions. Sayville Ford urges all
business owners to check with their accountant regarding taxes, deductions,
Section 179 eligibility, and rules applicable to your bus