SECTION 197 TAX DEDUCTIONS
Business Tax Savings We Can Get Behind
Make power moves that help your business thrive. When you choose Veero Ford of Morris, we'll go the extra mile to support your business objectives. One of the ways we do this is by educating small business owners on the benefits of taking advantage of Section 179 tax deductions.
Section 179 allows businesses to deduct the cost of depreciation for qualifying equipment and vehicles in the same year they're placed in service. We offer a great selection of vehicles that are perfect and qualify for Section 179 tax deductions. Remember, when you purchase or lease one of these vehicles, to qualify, it must be employed for business purposes and not personal use.
Section 179 Tax Deductions for 2025
Section 179 tax deductions are designed to give small businesses the support they need, which you often hear larger businesses benefiting from. That is why the team at Veero Ford of Morris is happy to help you. We want to ensure you have all the tools necessary to take your business to the next level while protecting your bottom line.
Deduction Limit in 2025 is $1,250,000
This annual deduction limit for 2025 applies to qualifying new and used vehicles. These automobiles must be financed or leased between January 1, 2025, and the end of day on December 31, 2025, to qualify.
Spending Cap on Equipment Purchases in 2025 = $3,130,000
After your spending cap is reached in 2025, the deduction is reduced on a dollar-for-dollar basis.
Bonus Depreciation in 2025 = 40%
The Bonus Depreciation takes effect after the Spending Cap is reached. The Bonus Depreciation is available for new and used models.
Learn More About Section 179 Tax Deductions
Ready to learn more? Contact the team at Veero Ford of Morris. We'll be happy to help you discover how Section 179 can benefit your business.
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Veero Ford of Morris
205 S. Highway 9
Morris, MN 56267-1500
- Sales: (320) 589-1010
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