As a business owner, making smart financial decisions is crucial for the success and growth of your company. One way you can potentially save money on your taxes is by purchasing a commercial vehicle before the end of the year. Fred Beans Ford of Langhorne, located in Langhorne, PA, has a wide selection of new commercial vehicles that may help you take advantage of valuable tax deductions.
Understanding the Section 179 Tax Deduction
The Section 179 tax deduction allows businesses to deduct the full purchase price of qualifying equipment, including vehicles, from their gross income. This can provide significant tax savings for business owners. By purchasing a qualifying commercial vehicle before December 31st, you may be able to write off the entire cost of the vehicle on your 2024 taxes.
To qualify for the Section 179 deduction, the vehicle must be used for business purposes more than 50 percent of the time and put into service during the tax year. Many of the commercial vehicles available at Fred Beans Ford of Langhorne meet these requirements, making it easier for you to take advantage of this tax benefit.
Explore Your Options at Fred Beans Ford of Langhorne
At Fred Beans Ford of Langhorne, we understand the unique needs of business owners in the area. Our knowledgeable sales team is ready to help you find the perfect commercial vehicle for your business. Whether you're based in Bristol, Levittown, or Yardley, our dealership is just a short drive away.
We offer a diverse selection of commercial vehicles, from rugged pickup trucks to spacious cargo vans. With so many options to choose from, you're sure to find a vehicle that meets your business requirements and potentially qualifies for valuable tax deductions.
Act Now to Maximize Your Tax Savings
Don't wait until it's too late to take advantage of the Section 179 tax deduction. Visit Fred Beans Ford of Langhorne today and explore our new commercial inventory. Our team will work with you to find the ideal vehicle for your business and help you understand the potential tax benefits of your purchase.