Ford Section 179 Tax Deduction in Florida
Running a business involves clever strategic planning. If you're considering a significant investment, such as acquiring a vehicle for your company, we invite you to discover the benefits of the 2024 Section 179 tax deduction at Coconut Point Ford in Estero.
Catered to assist growing businesses, this government-backed tax incentiverewards businesses for investing in their operations with helpful deductions. At our Ford dealership near Fort Myers, we offer both new and used equipment, including a fleet of sturdy Ford vehicles that qualify for the Section 179 tax deduction.
Whether you're eyeing a durable Ford truck or versatile work van, we can assist you in finding a vehicle that meets the Section 179 requirements.
Understanding the 2024 Section 179 Deduction Limits
For Florida businesses, discovering the potential benefits of the 2024 Section 179 tax deduction is made easy with the help of our team at Coconut Point Ford. The Section 179 Deduction limits have been recently adjusted, providing even more opportunities for savings:
- 2024 Deduction Limit: $1,220,000 -- applicable for all qualified equipment purchases both new and used.1
- 2024 Total Equipment Purchase Cap: $3,050,000 -- a substantial increase from the previous year's limit.1
- 2024 Bonus Depreciation: 60% -- available for new and used equipment for the entire year.1
This means your business can deduct the full purchase price of all qualified equipment purchases, up to the deduction limit of $1,220,000. Plus, the total equipment purchase limit has been raised to $3,050,000. Whether you buy a qualifying new Ford in Estero or prefer an eligible pre-owned vehicle, be sure to put your vehicle into service before the end of 2024 to take full advantage of this benefit.
Which Ford Vehicles Qualify for Section 179?
At Coconut Point Ford, we have various models that are eligible for this advantageous tax deduction. Here are a few Ford models that qualify for Section 179:
- Ford F-150
- Ford Super Duty®
- Ford Transit Connect
- Ford Transit
- Ford E-Transit
- Ford Explorer
- Ford Expedition
Florida Ford Truck Dealerships Near Me
The Section 179 tax deduction can be applied to both new and used Ford vehicle purchases -- all that's essential is that the vehicle is new to you. Our selection at Coconut Point Ford ensures you won't have to limit your choices.
BrowseFord commercial vehicles for saleandschedule a test-drive to determine the ideal model for your business needs. We look forward to helping you expand your business fleet while maximizing your tax savings in 2024!
1 Information accurate as of publishing date. Please consult https://www.section179.org for the most up-to-date details.