Section 179

IRS tax code Section 179 was composed with the average business in mind. Section 179 of the IRS tax code allows small businesses to deduct the buying price of qualifying equipment and software purchased and/or financed during the fiscal year up to a grand total of $1,000,000.* This means if you buy or lease a qualifying piece of equipment, you can deduct the purchase from your business' gross income. The Section 179 incentive was designed by the United States government to encourage businesses to buy equipment and invest in improving their brand. Almost every type of business equipment that your company may require could qualify for this incentive.


 

For vehicles that are being used more than 50% in a qualified business way, the total deduction for depreciation includes the Section 179 expense deduction and 100% Bonus Depreciation.* Section 179 for this year expires at midnight on 12/31/2018. If you want to deduct the price of your equipment from this year's taxes and utilize the new and improved higher deduction limits, it must be obtained and put into service by then.



When it comes to running a business in Mineral Wells, we all know how important it is to have decent transportation. From our extensive inventory of Transit vans to a selection of F-Series trucks, any vehicle you need for your business is here at Jack Powell Ford. If you're trying to take your business to the next level, then benefit from the Section 179 tax break here at Jack Powell Ford. There is no better place to grab that commercial vehicle in Mineral Wells, where you can not only save money on your tax payments but get your vehicle for a competitive price.


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Jack Powell Ford

1418 S E First Street
Directions Mineral Wells, TX 76067

  • Sales: (940) 325-1331
  • Service: (940) 325-1331
  • Parts: (940) 325-1331

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*See tax expert for details
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