Commercial Tax Credit

Thanks to the guideline under IRS Section 179 of the IRS tax code, many small businesses that invest in new equipment can write off up to entire purchase cost on their 2020 IRS tax returns.


Normally small business spread these deductions over several years. But, the tax benefits provided under IRS Section 179 allow many small businesses to write off up to $500,000 of qualifying new equipment in the first year it is placed in service.

Any catches? The qualifying vehicle must be purchased and placed into service by midnight December 31st 2020. It must be used at least 50% for business based on mileage, in the first year it is placed in service. So if you choose to use it for both personal and business use, the cost eligible for deduction would be the percentage used for business.

Please note there are limits to the deductions. Please contact our dedicated Commercial Sales team for more information on the credit and what vehicles are eligible.

DARCARS Ford of Lanham

9020 Lanham Severn Road
Lanham, MD 20706
Driving Directions

Service 240-825-1796
Parts 240-825-1794
Collision Center 240-296-5000
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