Section 179 Tax Deduction for Vehicles
Ford Section 179 Tax Deduction
Here at Lincoln of Mt. Vernon, we like to do our part to help small- and medium-sized businesses prosper, which is why our team are experts when it comes to Section 179. The Section 179 tax deduction is designed by the U.S. government to help local businesses grow, allowing them to deduct up to 100% off the purchase of a new or used Lincoln1. If you're interested in learning more about the Section 179 tax code, chat with the team at our Lincoln dealership near Carbondale. We'll show you how to navigate the process and expand your fleet. Remember that the vehicle must be put into service by December 31, 2025, to qualify for Section 179, so don't wait to speak with our local Lincoln dealer!
2025 Section 179 Tax Deduction Details
- Total annual deduction: Up to $1,160,0001 -- valid on new and used equipment (must be new to the buyer).
- 2025 Spending Cap: Up to $2,890,0001 -- the max amount that can be spent on equipment before Section 179 benefits begin to reduce on a dollar-for-dollar basis.
- Bonus Depreciation: 80%1 -- generally taken after the Spending Cap is reached, valid on new and used equipment.
- Vehicle must be delivered and put into service by 12/31/20251
2025 Section 179 Vehicle Requirements
- Used for business purposes at least 50% of the time1
- New or new-to-you (pre-owned qualifies)
- Purchased, not leased
- Vehicle must be delivered and put into service by 12/31/20251
Lincoln Dealer in Mount Vernon, IL
Contact Lincoln of Mt. Vernon to finance a new luxury SUV that's eligible for Section 179 tax credits. Our team knows each model on our lot inside and out, so we can help you determine which new Lincoln SUV fits your commercial needs best.
Visit us today to compare Aviator mpg ratings, Navigator cargo space and Corsair interior technologies, then purchase the model that's right for your business. Whatever you choose, our Illinois Lincoln dealer will walk you through the necessary steps to claim a Section 179 tax deduction when you file for 2025.
1 See dealer for details.