BUY A NEW FORD. GET A BIG TAX WRITE-OFF.

Section 179 Limit = $1,040,000 for 2020

According to new tax guidelines under the IRS section 179 tax code, small businesses may be eligible to write off up to $1,040,000 that was spent on new equipment for the business. In the past, businesses were required to spread these deductions out over the span of several years. However, under the IRS section 179, businesses can write off the entire cost of one or more qualifying new Ford trucks or vans. To be eligible for the 2020 tax year, vehicles must be purchased between January 1, 2020 and December 31, 2020.

 

For more information, visit https://www.section179.org/.

 

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