Ford Section 179 Tax Deduction in Frankfort, IL
Are you a business owner looking to upgrade your fleet and maximize your tax savings? Currie Motors Ford of Frankfort is here to let you know about the Section 179 tax deduction, a valuable opportunity for small- and medium-sized businesses in Illinois. This tax code allows you to write off the costs of qualifying vehicles used for business purposes, helping you invest in your company while saving on taxes.
What Is Section 179?
Section 179 is a tax code designed by the IRS to support businesses by allowing them to deduct the full purchase price of qualifying equipment and vehicles purchased or financed during the tax year. To qualify, the vehicle must be used for business purposes more than 50% of the time and must be purchased and put into service by December 31, 2025.1 Visit our Ford dealership near Joliet to explore your options and take advantage of this tax benefit before the year ends!
Eligible Ford Models for Section 179 Tax Savings
Both new Ford vehicles and used cars can qualify for the Section 179 deduction, provided they are new to you. Work-specific vehicles that are used exclusively for business may qualify for a full deduction. Meanwhile, traditional passenger vehicles used for business at least 50% of the time are eligible for partial deductions based on their type and usage. Eligible vehicles may include:1
- Ford Expedition
- Ford Expedition MAX
- Ford Explorer
- Ford F-150
- Ford F-150 Lightning
- Ford F-250
- Ford F-350
- Ford F-450
- Ford F-550
- Ford Transit Cargo Van
- Ford Transit Passenger Wagon
Section 179 Tax Deduction Limits for 2025
For the 2025 tax year, businesses can write off up to $2,500,000 with a spending cap of $4,000,000.1 After surpassing this limit, the Section 179 deduction begins to decrease, making it a strategic tool for small- and medium-sized businesses. If you have questions about the deduction limits or need guidance, consult with a tax expert or our Frankfort Ford finance team.
Section 179 Vehicle Deductions for 2025
- Vocational Trucks & Vans: Full deduction
- Heavy Trucks & SUVs (over 6,000 lbs. GVWR): Up to $31,300
- Passenger Cars, Light Trucks & SUVs (under 6,000 lbs. GVWR): Up to $20,400 in the first year
- Apply to vehicles exceeding 50% business use
- 100% bonus depreciation supplement available
Commercial Ford Sales in Frankfort, IL
Explore our selection of new Ford commercial vehicles online, then visit our Frankfort Ford dealership to see how you can expand your business fleet while benefiting from tax savings. Our experienced sales team is ready to assist you with any questions and guide you through the details. Invest in a new Ford F-150 or Super Duty® truck near Joliet today and take advantage of the Section 179 tax deduction with us. Contact Currie Motors Ford of Frankfort today!
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1 All information accurate at time of publication. Please see dealer for all additional details.