As a business owner, you understand the importance of balancing your resources. One of the ways the team at McLarty Ford can help you accomplish this is by introducing you to Section 179 Business Tax Deductions. This program gives you a leg up on your financial reports, keeping your business balanced between maintaining the equipment you need to perform and protecting your budget.
In the past, businesses were limited to writing off a portion of equipment depreciation every year. While larger organizations have different tax codes from which they can benefit, small businesses don't have the same opportunities. Section 179 changed that. Now, your business is able to write off the cost of equipment depreciation in the year it's put into service. This allows you to maximize your net income while minimizing your financial exposure.
To qualify for this program, you can purchase qualifying vehicles from McLarty Ford. We offer a great selection of automotive options that are designed to keep your business thriving. The vehicle(s) you purchase or lease will need to be used for business purposes within the United States at least 50% of the time.
Every year can bring changes to the tax code. In 2025, there are some key points about Section 179 that we want you to know.
Qualifying vehicles that have been leased or purchased between January 1, 2025, and the end of day on December 31, 2025, are impacted
Once the 2025 spending cap is reached, deductions will be reduced dollar-for-dollar.
Deductions phase out once reaching this threshold.
The Bonus Depreciation occurs when the Spending Cap is reached.
Take a look at our inventory and find the right vehicle for you.
Our team is excited to support you. Contact us online or call our dealership to learn more about Section 179 Business Tax Deductions.
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1120 Jeffreys Drive
Osceola, IA 50213