Get a big IRS tax break for your business when you buy a qualifying new Ford truck, van or SUV by December 31, 2010. Take advantage of current IRS tax deductions with our best line-up ever!
WHAT IS IRS SECTION 179…HOW CAN IT HELP MY BOTTOM LINE?
Section 179 of the IRS tax code allows many businesses to deduct up to the FULL PURCHASE PRICE of qualifying equipment purchased or financed in the 2010 tax year. That means that if you buy a piece of qualifying equipment, you can deduct up to the FULL PURCHASE PRICE from your gross taxable income this year.
WHICH VEHICLES QUALIFY FOR THE GREATEST IRS TAX SAVINGS?
Trucks with a GVWR greater than 6000 lbs. and a bed length over 6 feet, qualify for a maximum FIRST-YEAR depreciation deduction of up to the FULL PURCHASE PRICE. (e.g., Ford F-150/250/350)
SUVs, including trucks with a bed length less than six feet, with a GVWR greater than 6000 lbs. qualify for a maximum FIRST-YEAR depreciation deduction of up to $25,000 of the full purchase price plus up to 60% depreciation on any remaining balance. (e.g., Ford F-150 SuperCrew with 5 1/2 –ft. bed/Explorer/Expedition)
WHAT ABOUT SMALLER TRUCKS/VANS/SUVs?
Trucks/Vans/SUVs less than 6000 lbs. GVWR, such as the Ford Ranger and the new 2010 Transit Connect still qualify under normal depreciation for up to $11,060 per vehicle in the FIRST-YEAR.
NOTE: TO GET THE DEDUCTION FOR TAX YEAR 2010, YOU HAVE TO ACT BY 12/31/2010.
Memo: Please note the information presented is provided by Ford Motor Company as a public service to its customers. It should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability. For more information about The Small Business Jobs and Credit Act of 2010 or Section 179 expense write-off, contact you tax professional, or visit the Internal Revenue Service Website at www.irs.gov.