Explore Section 179 Tax Deduction Benefits with Ourisman Lincoln of Alexandria
Section 179 lets you deduct qualifying equipment from your taxes. A variety of vehicles, including Lincoln models, qualify for Section 179 tax deduction benefits.
How Section 179 Works
Section 179 allows you to write off vehicles in the purchase year. Traditional depreciation spreads deductions across multiple years, whereas Section 179 accelerates the entire deduction into one tax year. You must buy and use the vehicle before December 31. The vehicle must be used for business purposes more than half the time. The deduction amount reflects your actual business use percentage.
Who Benefits from Section 179?
Many professionals and business types can take advantage of Section 179 deductions.
- Small business owners
- Independent contractors or freelancers
- Real estate agents and brokers
- Consultants who travel to client locations
- Farmers and ranchers
- Construction company owners
- Medical and dental practice owners
Key Advantages of Section 179 Tax Deductions
Business owners enjoy a variety of benefits when using Section 179 for their taxes. You can take the full deduction in one year and reduce your taxable income. The deduction can be applied to new or pre-owned cars. You may also enjoy the flexibility to upgrade your vehicle sooner.
Weight Requirements for Vehicles
The IRS requires vehicles to meet certain weight standards. Qualifying vehicles must have a gross vehicle weight rating above 6,000 pounds. You can find the GVWR on the sticker inside the driver's door frame of your Lincoln vehicle. Heavier vehicles often qualify for larger deduction amounts. Lighter passenger vehicles may have stricter limitations on deductions.
Lincoln Models that Qualify for Section 179
Lincoln offers luxurious models that meet the Section 179 weight requirements. The full-size Lincoln Navigator exceeds the GVWR requirement. The Lincoln Navigator offers a spacious cabin and handles long drives and client transportation comfortably.
The midsize Lincoln Aviator is another excellent choice for business owners. Most trim levels meet the requirements. Chat with the team at Ourisman Lincoln of Alexandria to learn more.
Learn More at Our Lincoln Dealership
Our sales and finance center staff at Ourisman Lincoln of Alexandria can walk you through qualifying Lincoln models. We will go above and beyond to help you find a vehicle that fits your needs.
How Can We Help?
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Ourisman Lincoln of Alexandria
6129 Richmond Highway
Alexandria, VA 22303
- Sales: (703) 660-9000
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