Section 179 Deduction Near Oakland, CA Near Oakland, CA
Small business owners need a vehicle to keep their company up and running. When you visit our Ford dealership near Oakland, we’ll show you how to buy a vehicle for your business and receive a tax credit for it. Buy a Ford truck, car, or SUV and get a Section 179 tax deduction for your vehicle purchase. Whether you’re looking for a new Ford F-150, or want to buy a used Ford Explorer nearby, we’ll help you find the perfect vehicle that meets the Section 179 deduction requirements. Reach out to our sales team at The Ford Store San Leandro to find out how to get a tax deduction on your company vehicle.
Section 179 Tax Deduction Requirements
Knowing the Section 179 tax deduction qualifications is the key to making the right car-buying decision. Along with having bought your company’s vehicle by December 31, 2022, you must use it at least 50% of the time to receive a Section 179 deduction. Our local Ford dealer is here to help you get the facts on a Section 179 deduction. Requirements for the tax deduction are as follows:
- Vehicle must be delivered and put into service by 12/31/2022
- Vehicle must be used for business at least 50% of the time
- Deduction limit of $11,160 for cars (including Bonus Depreciation)
- Deduction limit of $11,560 for trucks and vans (including Bonus Depreciation)
- Vehicle may be new or used
Want to learn more about Section 179 tax deduction requirements? Our dedicated staff is ready to help business owners near Oakland get all the info they need.
Buy Section 179 Vehicles near Me
Let our helpful staff assist you in buying a new Ford that meets Section 179 deduction requirements. Contact The Ford Store San Leandro to set up a test-drive for your next company vehicle. We’re proud to help Bay Area business owners get the Section 179 tax deduction they deserve. From sedans to pickups to SUVs, our nearby Ford dealership has a wide selection of models to suit any business needs.