Ford Section 179 Tax Deduction near Spanaway, WA

Ford Section 179 Tax Deduction near Spanaway, WA

If you're a small business owner looking to grow your commercial fleet, stop by our Ford dealership near Spanaway to learn about the Section 179 tax deduction. With Section 179 tax savings, business owners like yourself have the ability to write off up to the full purchase amount of a qualifying vehicle. We'll go over how the Section 179 deduction works for 2022 and how you can save when you purchase a Ford van, truck or SUV for your business needs. From new F-150 trucks to Ford Transit vans, we have many models on our lot that are eligible for these savings. Schedule a Ford Super Duty® test-drive today or visit to learn more!

2022 Ford Explorer in a rural road
A 2022 Ford F-150 being driven up the side of a mountain

What Are the 2022 Section 179 Deduction Limits?

When you buy a new or used Ford any time during the 2022 tax year, you'll be eligible to claim the Section 179 tax deduction. In order to qualify, you must make sure to put the vehicle into service by end of day on December 31, 2022. The 2022 Section 179 Deduction limits are as follows:

  • 2022 Deduction Limit: $1,080,0001 -- valid on new and used equipment (must be new to the buyer).
  • 2022 Spending Cap: $2,700,0001 -- the max amount that can be spent on equipment before the Section 179 Tax Deduction begins to reduce on a dollar-for-dollar basis.
  • 2022 Bonus Depreciation: 100%1 -- generally taken after the Spending Cap is reached, valid on new and used equipment.

Additionally, you can write off up to 100% of the purchase price of your vehicle when you upgrade to a new or pre-owned model that qualifies for this tax code. Section 179 tax deductions can include:

  • Cars: $11,160 (including Bonus Depreciation)1
  • Trucks & Vans: $11,560 (including Bonus Depreciation)1
  • Certain SUVs between 6,000-14,000 pounds: $25,000 (including Bonus Depreciation)1

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