Boosting your bottom line is what we excel at. At Bayshore Ford Truck Center, we have key information about the Section 179 tax savings on commercial vehicles for Delaware. With years of commercial vehicle experience since 1976, we have the connections and expertise to support your business or fleet with the vehicles and seamless financing you need. Visit us today, or contact our expert team to learn how you can take advantage of these tax savings.
What is the Section 179 Tax Deduction?
The Section 179 tax deduction allows businesses to write off the full purchase price of any eligible work equipment, such as fleet trucks and commercial vans. The deduction limit increased to $1,220,000 in 2024, and it is good on new and used equipment. Even off-the-shelf software is eligible.
The maximum amount a company can spend on equipment before the deduction begins is $3,050,000, making these savings a true small business tax incentive. Plus, there is even a 60% bonus depreciation after you reach the Section 179 limit, available for both new and used equipment.
There is a lot to love about the Section 179 tax deductions, and our team is happy to tell you more when you visit us today. Or feel free to contact us.
Contact Our Team at Bayshore Ford Truck Center
For any inquiries about the Section 179 tax deductions for commercial vehicles for Delaware businesses, please feel free to contact our team at (866) 438-9737. We proudly serve our communities around Wilmington, New York, Philadelphia, and Dover. We have a strong presence in the Northeast Region, making it easy to help you with whatever you need to support your growing business and bottom line. You are always our priority at Bayshore Ford Truck Center.
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