In addition to the launch of Ford's Fall Commercial Vehicle season, IRS Section 179 provides a great opportunity for small business owners to invest in new equipment and realize tax write-offs on their 2019 IRS tax returns (up to $500,000). This is a great tax benefit for new Ford purchases.

Normally, small businesses must spread deductions over several years. These tax benefits provided under Section 179 allow many small businesses to write off up to $500,000 of qualifying new equipment in the year equipment is placed in service.

Details:

• The qualifying vehicle must be purchased and placed into service between January 1, 2019 and December 31, 2019
• It must be used at least 50% for business, based on mileage, in the first year it is placed in service
• If you choose to use it for both personal and business use, the cost eligible for deduction would be the percentage used for business
• Note that all businesses that purchase and/or finance less than $2,000,000 in business equipment during tax year 2019 should qualify for the Section 179 Deduction

HURRY! YOU MUST ACT BY DECEMBER 31ST, 2019 TO GET A DEDUCTION FOR THE 2019 TAX YEAR.