Tax season is an opportune time for businesses to enhance their fleet while taking advantage of valuable tax incentives. At Allan Vigil Lincoln in Morrow, we understand the importance of making strategic investments that benefit your business's bottom line. That's why we're excited to offer insights into the Section 179 tax deduction, a powerful tool that can significantly reduce your tax liability while upgrading your fleet with Lincoln vehicles.
What Is the Section 179 Tax Deduction?
The Section 179 tax deduction is designed to encourage businesses to invest in new equipment and vehicles by allowing them to write off the full purchase price of qualifying assets. This means that when you purchase a Lincoln vehicle for business use, you may be eligible to deduct the entire cost from your taxable income, provided the vehicle is used for business purposes more than 50% of the time.
Which Lincoln Models Qualify for Section 179?
Many of our premium new Lincoln models are eligible for Section 179 tax deductions, offering you both luxury and practicality. While eligibility depends on specific criteria, including vehicle weight and business usage, some of the models that may qualify include:
- Lincoln Navigator: Known for its spacious interior and advanced technology, the Navigator is ideal for business executives who need to travel in style.
- Lincoln Aviator: This SUV combines power and elegance, making it perfect for businesses that require a versatile vehicle.
- Lincoln Corsair: Compact yet luxurious, the Corsair offers efficiency and comfort, suitable for various business needs.
Please contact Allan Vigil Lincoln to confirm eligibility and discuss how these vehicles can fit into your business strategy.
Section 179 Tax Deduction Limits for 2025
Aimed to help small- and medium-sized businesses save on company expenses, the Section 179 tax deduction does come with spending limitations. Limits for the 2025 Section 179 tax deduction include:1
- 2025 Deduction Limit:1 $1,250,000
- Valid on new and used equipment (must be new to buyer), either purchased or leased.
- 2025 Spending Cap:1 $3,130,000
- Upon reaching this cap, deduction is reduced on dollar-for-dollar basis.
- 2025 Bonus Depreciation:1 40%
- This tax benefit enables a business to deduct a substantial percentage of the purchase price of qualifying assets immediately.
- Typically claimed after the Spending Cap is achieved.
- Applicable to both new and used vehicles.
Start Saving with Section 179 Today!
Don't miss the opportunity to enhance your business operations while benefiting from substantial tax savings. Visit our Morrow Lincoln dealer to shop our lineup of eligible Lincoln models and learn more about the Section 179 tax deduction. Our dedicated team is ready to assist you in selecting the perfect vehicle that meets your business needs and maximizes your tax benefits.
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1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.