Buy a New Ford® Truck or Van and Get a Big Write Off - BuyFordNow.com
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Get A Big Write-Off When You Purchase A Qualifying New Ford Truck Or Van By December 31.1



Thanks to the new guidelines under IRS Section 179 IRS tax code, many small businesses that invest in new equipment can now write off up to $500,000 of these purchases on their 2017 IRS tax returns.1 Normally, businesses spread these deductions over several years. But now, with the tax benefits provided under IRS Section 179, many small businesses can write-off up to the entire purchase cost of one or more qualifying new Ford trucks or vans. Again, that’s up to $500,000 worth, all in the first year they are placed in service.1





What’s The Urgency?

For the 2017 tax year, the qualifying vehicle must be purchased and placed into service between January 1, 2017, and December 31, 2017.





Tax Write-Off Examples For Qualifying Businesses1



NOTE: This analysis applies only to vehicles placed in service in the United States prior to January 1, 2018. It is provided by your local Ford Dealer as a public service. It should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability. Consult your tax professional prior to any vehicle transaction. For more information about the Section 179 expense write-off or other vehicle write-offs, contact your tax professional and visit the Internal Revenue Service website at www.irs.gov.


Is There A Catch?1

The qualifying vehicle must be purchased and placed into service between January 1, 2017, and December 31, 2017. It must be used at least 50 percent for business, based on mileage, in the first year it is placed in service. So if you choose to use it for both personal and business use, the cost eligible for the deduction would be the percentage used for business. Please note that all businesses that purchase and/or finance less than $2,000,000 in business equipment during tax year 2017 should qualify for the Section 179 deduction.





Now Is A Great Time To Buy!

In addition to the potential tax savings opportunities above, you can also take advantage of any current incentives you would normally qualify for.



View Current Offers

Disclosures

1. Under Section 179 of the Internal Revenue Code, companies may be eligible to fully expense the cost of vehicles purchased for business use. Companies are limited to a maximum aggregate Section 179 deduction of $500,000 during a single tax year on all eligible property purchased. The $500,000 maximum is reduced if the Company spends more than $2,000,000 on capital expenditures (including vehicles) during the year. SUVs over 6,000 pounds GVWR are limited to a deduction of $25,000 under Section 179(b)(5) with the remaining basis in the vehicle depreciated under normal MACRS methods (including 50% bonus depreciation in the year placed in service). Passenger automobiles (other than trucks and vans) are limited to $11,160 of depreciation in the year of purchase with normal MACRS depreciation on the remaining basis in the vehicle in subsequent years. Trucks and vans that are considered passenger vehicles are limited to $11,560 of depreciation in the year of purchase with normal MACRS depreciation on the remaining basis in the vehicle in subsequent years. A vehicle is not a considered a passenger vehicle, and is thus not limited to the lower depreciation amounts, if it is considered a “qualified non-personal use vehicle”. Qualified non-personal use vehicles are vehicles that, by virtue of their nature or design, are not likely to be used more than a de minimis amount for personal purposes. Examples of qualified non-personal use vehicles include 1) a vehicle that can seat nine-plus passengers behind the driver’s seat, 2) a heavy non-SUV vehicle with a cargo area of at least six feet in interior length or 3) a vehicle with a fully-enclosed driver’s compartment/cargo area, no seating behind the driver’s seat, and no body section protruding more than 30 inches ahead of the leading edge of the windshield. For more information, see IRC Section 280F(d)(7), Income Tax Reg., Sec. 1.280F-6(c)(3)(iii), Income Tax Reg. Sec. 1.274-5T(k), and Revenue Ruling 86-97, and contact your tax advisor for details. Consult your tax advisor as to the proper tax treatment of all business-vehicle purchases.