Section 179 Tax Benefits
Section 179 Tax Deductions | Helping Your Business Thrive
Keeping your business moving in the right direction can be achieved in a multitude of ways. One tool that you have in your corner is to take advantage of an IRS code that gives your business the equipment it needs to keep functioning smoothly while also helping you save money on your bottom line. At L.B. Smith Ford Sales, we're excited to help you take advantage of Section 179 tax deductions, turning your business into an even more well-oiled machine.
This tax code is great for those building a fleet or adding a single vehicle to their lineup. Contractors, solopreneurs, fleet purchasers, and more can benefit from this program. Don't miss this opportunity to protect your bottom line. With Section 179 and L.B. Smith Ford Sales in your corner, winning is easy.
What is Section 179?
Section 179 is an IRS tax code that gives businesses the power to deduct the cost they spend on qualifying equipment. Section 179 applies to vehicles purchased in that year and used for business purposes at least 50% of the time. This program allows you to write off up to 100% of a covered vehicle, keeping your books in the black.
Key Advantages of Section 179
- Reduction of taxable income that's immediate. Your business does not have to write off deductions a little at a time.
- Enhanced year-end cash flow planning.
- The freedom to reinvest your tax savings back into your business operations.
- A wide range of qualifying equipment you can choose to support your business functions.
How Section 179 Works
To qualify for Section 179, the vehicle's gross vehicle weight rating (GVWR) is a determining qualification factor. Because the vehicle's weight plays a role, not all models can qualify. It's important to check with the team at L.B. Smith Ford Sales before purchasing your next business vehicle.
In 2026, there are several limits imposed on Section 179. Below is a list that will help you be more informed before shopping for your next qualifying Ford model.
- Maximum deduction for each vehicle: $32,000
- Deduction limit: $2,560,000
- Phase-Out threshold: $4,090,000 (fully phased out at $6,650,000)
- Bonus depreciation: 100% (applies after Section 179)
Qualifying Ford Models
Section 179 tax deductions allow you to purchase vehicles that easily qualify for the incentives. Since a vehicle's GVWR is used to determine its eligibility, models over 6,000 pounds may qualify under this program. Here is a list of qualifying vehicles.
- Ford F-150®
- Ford F-150 Lightning®
- Ford Super Duty®
- Ford Transit®
- Ford Explorer®
- Ford Expedition®
Reasons to Choose L.B. Smith Ford Sales
Shopping with confidence is what it's all about. When you choose our dealership, you'll get a team of experts who understand what it takes to help protect your business assets. Section 179 is a wonderful tool, and when used properly, can help you elevate your business to new heights.
Our knowledgeable staff will work hard to support your business ventures. Ask about our commercial lending options and specials to get even more out of your visit. At L.B. Smith Ford Sales in Lemoyne, PA, your success is our priority. We look forward to showing you how we can support you today.
How can we help?
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L.B. Smith Ford Sales
1100 Market Street
Lemoyne, PA 17043
- Sales: (717) 761-6700
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