Commercial Vehicles Tax Benefits
PURCHASE A NEW FORD COMMERCIAL VEHICLE FOR A POTENTIAL TAX SAVINGS OPPORTUNITY
The new 2020 IRS Tax Cuts and Jobs Act allows qualifying businesses that invest in new equipment to potentially write-off up to the entire purchase cost of one or more business vehicles on their 2020 IRS tax returns.* This includes qualifying new Ford Commercial vehicles such as Ford Transit, E-Series, F-150 or F-250/350 Super Duty® trucks. For more information, visit IRS.gov and contact your tax professional. Shown without standard antenna. Vehicle shown with aftermarket equipment.
*Under Bonus Depreciation in Section 168(k) of the Internal Revenue Code, companies may be eligible to fully expense the cost of trucks, vans, and SUVs rated over 6,000-lbs. GVWR, when purchased for business use. Trucks and vans that are considered passenger vehicles, rated under 6,000-lbs. GVWR, are limited to $18,000 of depreciation in the year of purchase with normal MACRS depreciation on the remaining basis in the vehicle in subsequent years. A vehicle is not considered a passenger vehicle, and is thus not limited to the lower depreciation amounts if it is considered a "qualified non-personal use vehicle."
Qualified non-personal use vehicles are vehicles that, by virtue of their nature or design, are not likely to be used more than a minimal amount for personal purposes. Examples of qualified non-personal use vehicles include 1) a vehicle that can seat nine-plus passengers behind the driver's seat, 2) a heavy non-SUV vehicle with a cargo area of at least six feet in interior length or 3) a vehicle with a fully-enclosed driver's compartment/cargo area, no seating behind the driver's seat, and no body section protruding more than 30 inches ahead of the leading edge of the windshield. For more information, see IRC Section 280F(d)(7), Income Tax Reg., Sec. 1.280F-6(c)(3)(iii), Income Tax Reg. Sec. 1.274-5T(k), and Revenue Ruling 86-97, and contact your tax advisor for details. Consult your tax advisor as to the proper tax treatment of all business-vehicle purchases.
Ford Transit Passenger Van
Deduct up to $11,760 in the first year*
Plus 100% Bonus Depreciation on any remaining balance, retroactive to 9/27/17, and good through 2022.
(Applies to Trucks, Vans, and SUVs rated less than 6,000 lbs. GVWR)
Ford Transit Wagon
Deduct up to $25,000 in the first year*
Plus 100% Bonus Depreciation on any remaining balance, retroactive to 9/27/17, and good through 2022.
(Applies to Trucks, Vans, and SUVs rated less than 6,000 lbs. GVWR)
Ford Transit Connect
Deduct up to $11,760 in the first year*
Plus 100% Bonus Depreciation on any remaining balance, retroactive to 9/27/17, and good through 2022.
(Applies to Trucks, Vans, and SUVs rated less than 6,000 lbs. GVWR)
Ford Super Duty®
Deduct up to the entire purchase cost on your 2019 IRS tax return*
(Applies to Trucks, with 6-ft. or longer bed length and Cargo Vans rated over 6,000 lbs. GVWR)