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Ford Section 179 Tax Deduction near St. Louis, MO

2023 Ford E-Transit™ parked in driveway with woman standing near it

Ford Section 179 Deductionnear St. Louis, MO

Bommarito Ford is thrilled to help businesses all around the St. Louis area prosper by offering the Section 179 tax deduction. Implemented by the U.S. government to support small- to medium-sized businesses in their growth, the Section 179 program presents an exciting opportunity for those who qualify.

Here at our Ford dealership near St. Louis, we have a fully stocked selection of Section 179 eligible vehicles that ranges from the top-selling Ford F-150 to new Transit vans and more. Considering the tax deductions available with Section 179, it’s no wonder why so many local businesses are taking advantage of this federal program. Upgrade your commercial vehicle fleet with a new Ford work truck or van today.

Which Ford Vehicles Are Eligible for Section 179?

Select new Ford models for sale in Hazelwood qualify for Section 179 tax savings. You can count on the new F-150 truck to assist with on-the-job productivity, or upgrade to a Super Duty® to get the keys to a heavy-duty commercial truck. Or, get the keys to a versatile and spacious vehicle that’s adaptable to your demands when you finance a Ford Transit van or Expedition SUV.

No matter the qualifying new or used vehicle you drive home in, it’s important to note that you must place your vehicle into service by the end of the day on December 31, 2023, and use it for business purposes at least 50% of the time. Here are some of the Ford models eligible for Section 179:

  • Ford F-150
  • Ford Super Duty®
  • Ford Transit
  • Ford Transit Connect
  • Ford Explorer
  • Ford Expedition
  • And More!

2023 Section 179 Tax Deduction Details

Created to foster the growth of local businesses, the Section 179 tax deduction offers significant savings opportunities on both new Ford models and pre-owned vehicles primarily used for commercial purposes. What’s key is that the vehicle is new to you. This incentive can considerably help businesses striving to bolster their operations with a reliable fleet.

The 2023 Section 179 deduction limits are set as follows:

  • 2023 Deduction Limit: $1,160,000 -- applicable for both new and used equipment (vehicle must be new to the buyer).1
  • 2023 Bonus Depreciation: 80% -- valid for both new and used equipment.1
  • Passenger vehicles (including pickups or heavy SUVs) with a weight ranging between 6,000 and 14,000 pounds, are eligible for a maximum first-year deduction of up to $28,900 in 2023.1