Section 179 Tax Deduction at Fallon Ford-Toyota

If you're a business owner looking to expand your fleet while maximizing tax savings, the Section 179 tax deduction is an opportunity you won't want to miss. At Fallon Ford-Toyota, we offer a diverse selection of new Ford and Toyota models that can qualify for this beneficial tax break. Whether you're eyeing a robust Ford truck or a reliable Toyota SUV, we can help you find the right vehicle to bring your company to the next level.

Read on to learn about how Section 179 works, then head to our Toyota and Ford dealership near Dayton to go over the fine details with our auto financing experts.

What Is Section 179?

Section 179 is an IRS tax code provision that allows businesses to deduct up to the total purchase price of qualifying equipment and vehicles during the tax year. This means that your business can expense the entire cost of an asset in the year of purchase instead of spreading the depreciation over several years, potentially reducing your tax burden.

The Section 179 deduction can apply to both new and used vehicles -- what matters most is that the vehicle is "new to you." Many work-centric commercial vehicles are eligible for a full deduction, while traditional passenger vehicles are eligible for a partial deduction if they're used for business purposes at least 50% of the time.1

2025 Section 179 Deduction Limits

For the 2025 tax year, businesses can write off up to$1,220,000 under the Section 179 deduction, with a spending cap set at $3,050,000.1 This makes Section 179 an especially advantageous option for small- to medium-sized businesses looking to optimize their financial planning. Don't forget, the vehicle must be purchased and put into service by December 31, 2025, to qualify.1