Section 179 Tax Deductions | Elevate Your Business to the Next Level
Your business deserves a big win. With Section 179 business tax deductions and the team at Timber Ford of Hayward, you'll have the tools you need to come out on top, giving your business the support it needs to maximize your operations while protecting your bottom line. We're committed to helping you grow. Whether you're adding a single vehicle to your roster or you're building a fleet, take advantage of Section 179 and watch your business grow.
What is Section 179?
Section 179 is an IRS tax code that can help your business scale its operations by purchasing qualifying and tax-deductible equipment. When you take advantage of this tax code, you're able to finance vehicles for your business and may be able to write off up to 100% of the cost of the equipment in the year it's placed into service.
To qualify, the equipment that you purchase or lease must be used for business purposes at least 50% of the time. Here are a few helpful tips that you should consider before taking advantage of what Section 179 business tax deductions have to offer.
- Maximum deduction for 2026: $2,560,000
- Bonus Depreciation: 100% (Applies after Section 179)
- New and used vehicles qualify for Section 179
- Certain SUVs (6,000 - 14,000-pound GVWR): $32,000 max first-year Section 179
- Phase Out Begins: $4,090,000
- Fully Phased Out: $6,650,000
Key Advantages of Section 179
- Immediate Write-Offs: Your business receives an immediate reduction of taxable income instead of writing off deductions, a little at a time.
- Financial Stability: Improved year-end cash flow planning.
- Grow Your Business: The capability to reinvest your tax savings back into your business operations.
- Get the Equipment You Need to Win: You can choose from a variety of qualifying equipment to support your business objectives.
Qualifying Ford Models
Here is a list of Ford models over 6,000 pounds that may qualify under this program.
- Ford F-150®
- Ford F-150 Lightning®
- Ford Super Duty®
- Ford Transit®
- Ford Explorer®
- Ford Expedition®
Take Advantage of Section 179 Business Tax Deductions Today
Contact the team at Timber Ford of Hayward to learn more about Section 179. Our knowledgeable and caring professionals will help guide you through the process, giving you the tools you need to get the most out of your finances. Elevate your business today. We look forward to serving you.
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Timber Ford of Hayward
16826W Hwy 63 S
Hayward, WI 54843
- Sales: (715) 634-2829
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