Learn About 2025 Section 179 Tax Deductions for Small Business Owners

Let Newberg Ford help you get all the tax deductions you qualify for. Write-off the price of any business vehicle you buy from us. Keep reading to learn more.

Your tax dollars at work

You could deduct up to 100% of the price of a new Ford vehicle

One of the top five tax write-offs for small businesses is writing off a work vehicle. Did you know that you can buy a large truck, SUV or other vehicle for your business, and be able to write off 100% of the purchase price as a tax deduction, according to the IRS rules? If you're reading this before December 31st, there's still time to take advantage of this rule for the 2024 tax year.

Small businesses can deduct the full purchase price of a vehicle if it has a weight rating of over 6,000 pounds. Weight is based on an industry figure called Gross Vehicle Weight Rating or GVWR.

If the vehicle qualifies for a full deduction, you do not have to depreciate it over a period of years. You get the value of the full deduction all in one year - a considerable tax savings.

You pay attention to the finest details

That's why you turn to the professionals at Newberg Ford. Now under new depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase of an unlimited numbers of qualifying Ford vehicles purchased in 2024 for business use. Dealer has all the latest and greatest vehicles in the Newberg. Whether you are on the hunt for the newest vehicle or a used vehicle that fits your budget, we'll be happy to help you choose the best vehicle for your family with your tax return. If you are wondering how this works, you can contact Newberg Ford online or give us a call at 971-385-4513 about putting tax season toward the new and used cars. You can check out our hours and directions page to see if we are open and how to get to us in Newberg and the surrounding area.