Sections 179 And 168(k)
Learn how you can receive a tax refund!
Did you buy a useful commercial vehicle during the course of this year? Then the finance experts at Apple Ford are glad to say that you can enjoy tax deductions through Section 179 and 168(k)! Offered through the Internal Revenue Service (IRS), the Section 179 incentive lets your business claim up to $1,040,000* for any new or pre-owned commercial vehicles, equipment, technology, or software purchased throughout the calendar year.
The Section 168(k) tax code allows you to write off the full purchase price of qualifying products or equipment on your taxes.* Using these incentives is a fantastic way to promote further expansion of your venture because you can put the money you receive into state-of-the-art tech or skilled employees. Plus, you have until the end of the year to experience these benefits. Learn more about Section 179 and 168(k) today!
How It All Works
Whatever business that uses commercial vehicles - like the beastly Ford Super Duty® F-350 or a reliable Ford Transit cargo van - for 50% or more of their operations is eligible for Section 179. The total purchase price of qualifying vehicles or software - up to $1,040,000 - obtained through the year can be deducted from the overarching income of your venture.
You can also enjoy a 100% deduction bonus on your new or used work models for the rest of the year! The Section 168(k) tax code lets you purchase eligible Ford models and deduct up to the full purchase price, including any financed amounts, from your gross taxable income if the vehicle is bought before the end of the year. These two incentives work in tandem to help your business reach all-new heights.
Expand Your Enterprise
Here at Apple Ford, we are standing by to address any questions you may have surrounding Sections 179 and 168(k). We also will be sure to walk you around our extensive inventory of outstanding Ford commercial vehicles, speak about their specifications, and ensure you have all the facts to make the right decision.
Don't wait! Experience Sections 179 and 168(k) today!
*See dealer or a tax professional for complete details.