Section 179 Tax Deduction in Cortez, CO

Whether your small business is in Colorado or just across the New Mexico state line, you probably have some questions about how to get a Section 179 tax deduction. At our Ford dealership in Cortez, we re here to keep you up to date on all the Section 179 deduction information you want. If you re looking to buy a new Ford truck, van or SUV for your business, we ll help you get an amazing price and receive a Section 179 tax deduction. Take a look to see if the Ford F-150 towing capacity can fulfill your business needs, or check out a Ford SUV nearby that will get the job done. Keesee Motor Company is ready to help you get the new Ford and Section 179 deduction your business deserves!
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What Are the 2022 Section 179 Tax Deduction Limits & Requirements?

The 2022 Section 179 deduction limits are as follows:

  • 2022 Deduction Limit: $1,080,0001 -- valid on new and used equipment (must be new to the buyer).
  • 2022 Spending Cap: $2,700,0001 -- the max amount that can be spent on equipment before the Section 179 tax deduction begins to reduce on a dollar-for-dollar basis.
  • 2022 Bonus Depreciation: 100%1 -- generally taken after the spending cap is reached, valid on new and used equipment.

The key to getting a Section 179 tax deduction on your vehicle is knowing how it qualifies for one. There are a few requirements the car must meet, such as having to be purchased by December 31, 2022. Local business owners should also know that to receive a Section 179 deduction, you must use the vehicle for business purposes at least 50% of the time. In order to file a Section 179 expense for a tax deduction, the business vehicle must meet the criteria as follows:

  • Vehicle must be delivered and put into service by 12/31/2022
  • Vehicle must be used for business at least 50% of the time
  • Deduction limit of $11,160 for cars (including Bonus Depreciation)1
  • Deduction limit of $11,560 for trucks and vans (including Bonus Depreciation)1
  • Vehicle may be new or used

Which Ford Vehicles Does Section 179 Apply To?

The Section 179 tax deduction applies to a wide selection of new Ford vehicles for sale in Cortez, including:

  • Ford F-150
  • Ford Super Duty
  • Ford Transit
  • Ford E-Transit
  • Ford Explorer
  • Ford Expedition

Along with filling you in on Section 179 deduction information, our nearby Ford dealer can help you find a pickup, SUV or van that s perfect for your business. Contact Keesee Motor Company to schedule a test-drive and upgrade to a Ford model that your business can get a Section 179 tax deduction for. Cortez business owners know to turn to us as their Section 179 vehicle source.

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