Running a local business requires dependable vehicles that align with your day-to-day needs. As your friendly, neighborhood Ford dealership near Aberdeen, we understand these needs fully. That's why the Ourisman Tri-State Ford sales team is here to assist you in maximizing your business through Section 179.
The Section 179 tax deduction is an advantageous incentive designed to make the purchase of new Ford commercial vehicles more affordable. When you acquire a new Ford truck, SUV or van, you may be able to write off up to 100% of the vehicle's purchase price if you place it into service by December 31, 2024.1
Visit our Maryland Ford dealer to learn more about 2024 Section 179 tax deduction limits and browse our lineup of tax-eligible vehicles!
Eligible Ford Vehicles for Section 179
Certain Ford models, including trucks, vans and SUVs, qualify under Section 179. To ensure your qualification, verify that your chosen new Ford truck or pre-owned SUV is used predominantly for business (more than 50% of the time) and is in service by year-end.1 Eligible models often include:
- Ford Expedition
- Ford Expedition MAX
- Ford Explorer
- Ford F-150
- Ford Super Duty®
- Ford Transit Cargo Van
- Ford Transit Passenger Wagon
2024 Section 179 Deduction Limits
The Section 179 tax deduction applies to various commercial vehicles based on specific criteria. For 2024, the deduction limitations include:
- 2024 Section 179 Deduction Limit: $1,220,000 for new and pre-owned equipment.1
- 2024 Bonus Depreciation: 60%, applicable to new and used equipment.1
- Passenger Vehicles Deduction Cap: Partial deductions may apply to vehicles like pickups and heavy SUVs with a GVWR between 6,000 and 14,000 pounds.1
Commercial Trucks for Sale Near Me
Whether you run a business in Maryland or are looking to buy a commercial vehicle out of state, we welcome you to visit our Rising Sun Ford dealer for Section 179 tax savings. Contact Ourisman Tri-State Ford near Aberdeen to enhance your business fleet with our wide range of new Ford work vans, trucks and SUVs!
1 Information is accurate as of the publishing date. Refer to https://www.section179.org for the most recent details.