Heavy Vehicle Use Tax Deduction: Section 179

January 14th, 2019 by

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What heavy vehicle use tax deductions are available for Glenwood Springs drivers? Learn about the Section 179 deduction and which vehicles qualify. Get in touch with Columbine Ford if you have any questions!

What is the Section 179 Deduction?

Do you own a small business or work in a self-employed capacity in the Grand Junction area? Then you may qualify for the Section 179 deduction. This heavy vehicle use tax deduction allows certain people to deduct the full price of specific equipment, including heavy vehicles within the first year of ownership.

Section 179 Vehicle Qualifications

In order to qualify for the Section 179 and take advantage of this heavy highway vehicle use tax deduction, vehicles must meet the following criteria:

  • Weigh more than 6,000 pounds but less than 14,000 pounds without passengers or cargo
  • Be a truck, van, or vehicle with a truck base (like an SUV) used for your business
  • Be purchased within the calendar year for which you are making the deduction
  • Be used for business at least 50% of the time

Keep in mind that certain passenger vehicles have total deduction limitations, but those that aren’t passenger models aren’t subject to IRS limitations and can take the full depreciation deduction each year. This is a potentially massive deduction for business people who purchase heavy SUVs, trucks, and vans for their businesses. You can also consult the Section 179 website for additional information.

List of Section 179 Vehicles

Here is the list of Section 179 vehicle that Columbine Ford has in stock, along with their weights:

  • Ford Expedition: 7,260 pounds
  • Ford Expedition EL: 7,500 pounds
  • Ford Explorer: 6,160 pounds
  • Ford F-150: 6,010 pounds
  • Ford F-250: 9,950 pounds
  • Ford F-350: 10,000 pounds
  • Ford F-450: 14,000 pounds

Connect with Columbine Ford for More Information

Drivers from Craig and beyond who have questions about the heavy vehicle use tax deduction can connect with the Columbine Ford Finance Center for assistance.

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