Section 179 Tax Deduction at Shults Ford - Greater Pittsburgh
At Shults Ford, we understand the needs of business owners across Greater Pittsburgh, which is why we're proud to offer the 2024 Section 179 tax deduction on qualifying Ford vehicles. This tax benefit allows businesses to write off the purchase price of eligible Ford trucks and SUVs, making it easier than ever to invest in your company's fleet.
Want to learn more? Our PA and WV Ford dealerships are here to help!
What Is Section 179?
Section 179 is an IRS tax code that enables businesses to deduct the full or partial cost of qualifying vehicle purchases in the year they are acquired. This deduction is aimed at helping small and medium-sized businesses grow by reducing their tax burden, making it easier to invest in essential assets like commercial vehicles.
At Shults Ford, we know how crucial reliable transportation is for your business, and with Section 179, you can add powerful Ford trucks, SUVs or vans to your fleet while taking advantage of significant tax savings. This incentive is an excellent opportunity to invest in your business' future.
2024 Section 179 Deduction for Ford Vehicles
For the 2024 tax year, businesses can write off up to $1,220,000 in vehicle purchases, with a spending cap of $3,050,000.1 Section 179 is a true small-business incentive, perfect for companies looking to expand their fleet with reliable Ford trucks and SUVs.
To qualify, your new or used Ford vehicle must be purchased and placed into service before the end of the year, December 31, 2024.1
Which Ford Vehicles Qualify for Section 179?
Ford offers a wide variety of trucks and SUVs that qualify for the 2024 Section 179 deduction. Popular new Ford models and pre-owned models eligible for full or partial deductions include:
- Ford F-150
- Ford Super Duty®
- Ford Transit Cargo Van
- Ford Transit Passenger Wagon
- Ford Expedition
- Ford Explorer
- And more!
Shults Ford has four convenient locations -- Shults Ford Wexford, Shults Ford Harmarville, Shults Ford South and Shults Ford Wheeling -- ready to help your business save. Visit any of our locations across Greater Pittsburgh to learn more about Section 179 tax savings today!
1 Information is accurate as of the publishing date. Please consult a tax expert or visit Section179.org for the latest details.