Ford Section 179 Tax Deduction in Frankfort, IL
If you own a small business or work for yourself around Frankfort, the Section 179 tax deduction may be one of the smartest ways to invest in a new work vehicle for the 2026 tax year. Our team at Currie Motors Ford of Frankfort has proudly served the Chicago Southland community for over 30 years, and we help business owners understand how qualifying Ford trucks, vans and SUVs may fit into their vehicle tax strategy near Joliet.
The information below is provided for informational purposes only, and you should always consult a qualified tax professional to confirm how Section 179 applies to your specific situation.
2026 Section 179 Tax Deduction Overview & Limits
Section 179 of the IRS tax code lets eligible businesses deduct the purchase price of qualifying equipment, including certain new Ford vehicles, put into service during the tax year. It is designed as a true small-business incentive that rewards companies for investing in the tools and vehicles they need to grow.
For 2026, the Section 179 deduction limit is $2,560,000,1 good on new and used equipment as long as it is new to the buyer and whether purchased or leased. The 2026 spending cap is $4,090,0001 -- the maximum that can be spent on equipment before the deduction begins to reduce on a dollar-for-dollar basis, with a complete phase-out at $6,650,000.
This year also brings 100% bonus depreciation1, a tax incentive that lets a business immediately deduct a large percentage of the purchase price of eligible new and used assets, generally taken after the spending cap is reached. To qualify, a vehicle must be purchased and put into use before Dec. 31, 2026,1 used for business purposes more than 50% of the time and titled in the company's name rather than the owner's name.
Which Ford Vehicles Qualify for Section 179?
A vehicle's eligibility for Section 179 depends largely on its Gross Vehicle Weight Rating (GVWR) and how it is used for your business. In general terms, heavier work-oriented Ford trucks and vans offer more favorable treatment, while lighter passenger vehicles are subject to stricter limits.
New and used vocational trucks and vans are generally eligible for the full Section 179 deduction.1 Heavy SUVs and trucks over 6,000 lbs. GVW (which excludes some pickups and vans) carry a $32,000 maximum Section 1791 deduction, while cars, light trucks and SUVs under 6,000 lbs. fall under IRS luxury auto depreciation limits (Section 280F)1.
Capable new and used Ford trucks like the F-150 along with commercial vans and larger SUVs are popular choices among local business owners, and our team can help you match a qualifying vehicle to the weight category that fits your plans.
How Do I Use the Section 179 Tax Incentive?
Taking advantage of Section 179 starts with choosing a qualifying Ford vehicle and putting it into business use before the end of the tax year. You will generally need to document that the vehicle is used for business purposes more than 50% of the time and that it is titled in your company's name rather than a personal name.1
Our Ford finance team can guide you through selecting an eligible commercial vehicle, though your accountant or tax professional should always confirm the exact deduction you can claim.
Commercial Ford Vehicles for Sale Near Me
When business owners want a dealer they can always visit with confidence, they turn to our Ford dealership near Joliet. With over 1,000 new vehicles in stock, convenient remote delivery options and an award-winning team recognized among the best in Chicago's Southland, we make it easy to find and finance the right work vehicle before the 2026 deadline.
Visit us, browse our online inventory or contact our team to explore qualifying Ford trucks, vans and SUVs and take the next step toward your Section 179 tax strategy near Joliet.
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
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Section 179 Tax Deduction FAQs
Can vehicles be deducted under Section 179?
Yes, qualifying Ford trucks, vans and SUVs put into business use can be deducted under Section 179, with eligibility depending largely on a vehicle's Gross Vehicle Weight Rating (GVWR) and business-use percentage. Our finance team can help you explore eligible commercial vehicles near Joliet, though a qualified tax professional should confirm the exact deduction you can claim.
Does Section 179 apply for used car purchases?
Yes, the deduction is good on new and used equipment as long as the vehicle is new to the buyer. Used vehicles can also qualify for 100% bonus depreciation, and the vehicle must be used for business purposes more than 50% of the time and titled in the company's name.
Can Section 179 be claimed multiple times?
Section 179 is an annual incentive, so eligible businesses can generally claim qualifying equipment each tax year, provided the vehicle is purchased and put into use before Dec. 31, 2026. Always consult a qualified tax professional to confirm how the deduction applies to your specific situation.
What is the Section 179 tax deduction limit?
For 2026, the Section 179 deduction limit is $2,560,000, good on new and used equipment that is purchased or leased. Visit Currie Motors Ford of Frankfort or contact our team to explore qualifying Ford trucks and vans near Joliet before the year-end deadline.
What is the 2026 Section 179 spending cap?
The 2026 spending cap is $4,090,000, the maximum you can spend on equipment before the Section 179 deduction begins to reduce on a dollar-for-dollar basis, with a complete phase-out at $6,650,000. This cap is what makes Section 179 a true small-business incentive.