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Section 179
Section 179


Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means if you buy (or lease) a piece of qualifying equipment, you can deduct the ENTIRE PURCHASE PRICE from your gross income. This incentive created by the US government encourages businesses to buy equipment and invest in themselves.

Section 179


All businesses that purchase, finance, and/or lease less than $4,270,000 in new or used business equipment during tax year 2025 should qualify for the Section 179 deduction. Also, to qualify for the Section 179 deduction, the equipment purchased or financed must be placed into service between January 1, 2025 and December 31, 2025.

Section 179


When your business buys certain equipment items, it typically gets to write them off incrementally through depreciation. In other words, if your company spends $50,000 on a machine, it could write off about $10,000 a year for five years. Section 179 allows business owners to write off the entire equipment purchase price for the year they buy it.

Section 179


Section 179 does have its limits—there are caps on the total amount written off ($1,220,000 for 2025) and caps on the total amount of the equipment purchased ($3,050,000 in 2025). The deduction begins to phase out dollar for dollar after a given business reaches the cap, making it a true small- and medium-sized business deduction.1

section 179 sample calculation
[1] You can only elect to expense $28,900/$30,500 of the cost of any heavy sport utility vehicle (SUV) and certain other vehicles placed in service in tax years beginning in 2024/2025, respectively. This rule applies to any 4-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, or highways and is rated from 6,000-14,000 pounds gross vehicle weight. However, it does not apply to any vehicle that (a) is designed to seat more than nine passengers behind the driver's seat, (b) comes equipped with a cargo area (open or enclosed by a cap) of at least 6 feet in interior length that is not readily accessible from the passenger compartment, (c) has an integral enclosure fully enclosing the driver compartment and load-carrying device, or (d) does not have seating rearward of the driver's seat and has no body section protruding more than 30 inches ahead of the leading edge of the windshield. Not complete info. Please consult a tax professional with any questions and for full details.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. May not represent the actual vehicle. (Options, colors, trim and body style may vary)

Trade appraisals are estimated values. These values could increase or decrease based on condition, mileage, and availability. The advertised price does not include sales tax, vehicle registration fees, finance charges, a closing fee of $898.50, and any other fees required by law. All prices include all applicable rebates, conditional rebates, factory discount, dealer discount, Ford Credit Financing Cash, and Trade Assist Rebate. Carolina Complete $878.50 price is not included in vehicle prices shown. Pricing for all new and used vehicles includes $1000 Trade Cash; must trade a 2016 or newer vehicle with less than 100,000 miles to qualify. Prices subject to change without notice based on Ford Motor Company Incentives. However, there can be lag time between the sale of a vehicle and the update of the inventory. Limited availability while supplies last. Some exclusions may apply. Online prices may include dealer financing incentives and offers that require additional qualifications. See dealer for complete details.

*Note that CPO/Used vehicles may be subject to unrepaired manufacturer recalls. Please contact the manufacturer for recall assistance/questions before purchasing or check out the Ford.com website for current recall information. FCTP starts at date entered into service and miles. The information regarding vehicle eligibility for the Clean Vehicle Credit represents information from the IRS. The information on this page should not be viewed as an official or legally binding document. Other requirements or exceptions may apply. For more detailed information, please consult an IRS tax representative and/or official IRS publications.

Huntersville Ford

  • 13825 Statesville Road, Huntersville, NC 28078
  • Sales:
    704-675-7402
  • Service:
    704-815-5520