Section 179 Tax Deduction for Business Owners

Elevate your business transportation to new heights with the impressive range of new and pre-owned commercial vehicles at All American Ford of Hackensack. Our Ford dealership near Lodi is your go-to destination for high-quality trucks and vans that can transform your day-to-day business operations. We understand the importance of value for small and medium enterprises, which is why we're excited to introduce you to the benefits of the Section 179 tax deduction. This advantageous deduction offers potential full or partial tax write-offs for vehicles used in your business.

To take advantage of the Section 179 tax incentive for this tax year, remember that your vehicle purchase must be made and the vehicle must be in service by theend of December 31, 2023.¹ Don't miss out on the opportunity to enhance your business while enjoying substantial savings!

2023 Section 179 Tax Deduction Limits

The Section 179 incentive was created to help small- and medium-sized businesses save on operating expenses by writing off the costs of commercial-use vehicles from their end-of-year taxes. Because this is intended for small businesses, there are limits on the amounts that can be deducted, including:

• 2023 Deduction Limit: $1,160,000 -- applicable for new and used equipment (must be new to the purchaser).¹
• 2023 Bonus Depreciation: 80% -- valid for new and used equipment.¹
• Passenger vehicles (including pickups or heavy SUVs) weighing between 6,000 and 14,000 pounds, are eligible for a maximum first-year deduction of up to $28,900 in 2023.H2¹

Ford Vehicles Eligible for Section 179

Various new Ford trucks, SUVs and vans are eligible for either full or partial Section 179 tax deductions. Qualifying Ford vehicles for 2023 include:

• Ford Transit Cargo Van
• Ford Transit Passenger Wagon
• Ford F-250
• Ford F-350
• Ford F-450
• Ford F-550 S
• Ford Expedition
• Ford Expedition MAX

Commercial Ford Truck Sales in Hackensack, NJ

Contact All American Ford of Hackensack to schedule a Super Duty® test-drive or discover how a Transit van can enhance your company's daily operations. Whether your business would benefit most from a spacious Ford SUV, powerful heavy-duty truck or another model, you can enjoy an amazing value with the Section 179 tax deduction!