Section 179 Tax Deductions | Business Tax Credits
Elevate your business while ensuring you have the equipment needed to win. At Ford of Hibbing, we take pride in being your go-to destination for all things automotive. One of the ways we can help your business thrive is by ensuring you have access to the tools and resources that are designed to benefit you. Section 179 is one of the ways you can protect your business's bottom line, and we're pleased to help you do it.
What is Section 179?
Section 179 is a business tax credit that is built to support small businesses. This program allows you to write off up to 100% of the cost of qualifying equipment in the year it's placed into service. Qualifying equipment must be used at least 50% of the time for business purposes and uses the vehicle's Gross Vehicle Weight Rating to determine eligibility status.
2026 Section 179 Facts
- Maximum deduction for 2026: $2,560,000
- Bonus Depreciation: 100% (Applies after Section 179)
- New and used vehicles qualify for Section 179
- Certain SUVs (6,000 - 14,000-pound GVWR): $32,000 max first-year Section 179
- Phase Out Begins: $4,090,000
- Fully Phased Out: $6,650,000
Key Advantages of Section 179
- Immediate Write-Offs: You don't have to write off deductions a little at a time over the years. This program lets you do it at one time.
- Financial Stability: Enhance year-end cash flow planning.
- Scale Your Business: You can reinvest your savings back into your business operations.
- Get the Equipment Your Business Relies On: We offer a variety of vehicles that will qualify for this program.
Qualifying Ford Models
Visit our dealership to find the qualifying Ford model that's right for your business needs. Here is a list of current qualifying models.
- Ford F-150®
- Ford F-150 Lightning®
- Ford Super Duty®
- Ford Transit®
- Ford Explorer®
- Ford Expedition®
Let Section 179 Business Tax Deductions Take Your Business to the Next Level
Let today be the day you win. With Section 179 and Ford of Hibbing, you'll enjoy satisfaction on every roadway.
How can we help?
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Ford of Hibbing
2627 13th Avenue East
Hibbing, MN 55746
- Sales: 218-262-3881
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