Empire Ford of New Bedford Blog Posts

With less than one month left of 2019, Empire Ford is strongly urging Massachusetts business owners to act on the Section 179 Tax Deduction. If you're planning to invest in a commercial vehicle for business-related needs, you must purchase this van or truck by the end of 2019 to deduct the cost from your annual taxes. At your New Bedford Ford dealership, we have a robust selection of durable, hardworking commercial vehicles that qualify for this Section 179 Deduction.

Section 179 Deductions: Frequently Asked Questions

Before following directions to Empire Ford in New Bedford, business owners can explore commercial inventory online. You can also check for commercial vehicle specials to help you save even more - only at Empire Ford, serving Fairhaven, MA. To read more about the Section 179 Deduction, here are three popular questions to get started:

  • Why Is Section 179 Deduction Good for My Business? The perk of the Section 179 Deduction is that it's an IRS tax code that allows Massachusetts businesses to deduct the total cost of eligible equipment - including commercial vehicles - bought or financed during 2019. Meaning, you can write off the complete purchase cost of your commercial vehicle for the 2019 tax year.
  • What Are the Qualifications for Section 179 Deductions? All business owners that buy, finance, or lease under $3,500,000 of eligible equipment before December 31, 2019, should qualify for a Section 179 Deduction. To qualify, you must use the equipment more than 50-percent of the time for business needs. Qualifying vehicles include heavy construction equipment (ex: dump trucks, etc.) and classic cargo vans.
  • What Are the Limits on Section 179 Deductions? There are two limitations that business owners should be aware of concerning a Section 179 Deduction: you can write off up to $1,000,000 of equipment for the 2019 tax year and purchase up to $2,500,000 of total equipment to still benefit from this tax deduction. Keeping both totals in mind will help you maximize Section 179 Deduction benefits.

When you find the Ford commercial vehicle that you'd like to use for the Section 179 Deduction, apply for financing before traveling from Acushnet to New Bedford - less than 20 minutes apart. If you have any further questions related to Section 179 Deductions, contact Empire Ford and a commercial specialist will gladly explain in greater detail. Benefit your small business in nearby Dartmouth when you buy a commercial van or work truck at your Ford dealership today.

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