Section 179 Business Tax Savings
Tax Savings Designed to Help Your Business Win
Keep an eye on your bottom line when you shop at Ray Seraphin Ford. Our knowledgeable experts are happy to assist you in building the business fleet of your dreams. By using Section 179, you can protect your budget year after year.
Section 179 is a tax code meant to assist small businesses. It is one more tool you can use to maximize your income while minimizing your tax liability. The best part is, you can take advantage of Section 179 when you purchase qualifying vehicles from Ray Seraphin Ford.
How Section 179 Works
Section 179 allows businesses to write off the cost of depreciation for qualifying equipment. In the past, if businesses wanted to do so, they had to write off a little at a time each year. Fortunately, Section 179 frees you from that burden, giving you time and money back that you wouldn't have had in the past.
To take advantage of Section 179, your business must purchase or lease qualifying equipment that's used for business purposes at least 50% of the time.
Section 179 Tax Deductions for 2025
Here are a few things to stay aware of in 2025.
Deduction Limit in 2025: $1,250,000
Impacts all qualifying vehicles that have been leased or purchased between January 1, 2025, and the end of day on December 31, 2025.
Spending Cap on Equipment Purchases in 2025: $3,130,000
Dollar-for-dollar reductions are imposed once the 2025 spending cap is reached.
Phase-Out Threshold: $4,380,000
Deductions phase out once reaching this threshold.
Bonus Depreciation in 2025: 40%
The Bonus Depreciation occurs when the Spending Cap is reached.
Which Ford Vehicles Qualify?
These vehicles qualify for Section 179 in 2025:
- Ford F-150Ā®
- Ford F-150 LightningĀ®
- Ford Super DutyĀ®
- Ford TransitĀ®
- Ford ExplorerĀ®
- Ford ExpeditionĀ®
Contact Ray Seraphin Ford to Learn More
Let our team help you discover more about Section 179. Visit us online or call our dealership today.
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Ray Seraphin Ford Inc
100 Windsor ave
Vernon Rockville, CT 06066
- Sales: (860) 875-3369