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Section 179

Attention business owners!


If you buy a new Ford, you will get a big write-off!

Tax day will be here before you know it and according to the information on Section 179 for the 2015 tax year, if you purchase a new or used qualifying vehicle, you could deduct up to $25,000 on your 2015 tax return!​  Do you want to know how?​  For a general overview, keep reading!​  For more detailed information, visit the qualified financing website for Section 179.

Section 179 at a glance (updated for 2015 tax year):

2015 Deduction Limit = $25,000
  • Good on new and used equipment
  • Good for off-the-shelf software
  • This limit only applies to 2015
  • Equipment must be financed/purchased and put into service by the end of the day on December 31, 2015

2015 Spending Cap on Equipment Purchases = $200,000
  • $200,000 is the maximum amount that can be spent on equipment before the Section 179 deduction available to your company begins to be reduced on a dollar for dollar basis
  • This spending cap makes Section 179 a true “small business tax incentive”

Bonus Depreciation: not available in 2015
  • Previously available for new equipment only, not available at all for the 2015 tax year

This is a simplified view of the Section 179 deduction for 2015.​  For more in-depth details on limits, qualifying equipment, and Section 179 Qualified Financing, we urge you to read this website in its entirety.​  For any questions or concerns, please consult your tax advisor.

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