Section 179 Ends December 31st, 2014!

In the last couple of days, the United States Government has extended the Section 179 depreciation deduction for business owners through end of the day December 31st, 2014. Which is less than 10 DAYS AWAY! Seriously, where did 2014 go?

"Section 179 of the United States Internal Revenue Code (26 U.S.C 179) allows a taxpayer to elect to deduct the cost of certain types of property on their income taxes as an expense, rather than requiring the cost of the property to be capitalized and depreciated. This property is generally limited to tangible, depreciable, personal property which is acquired by purchase for use in the active conduct of a trade of business. [1] Buildings were not eligible for Section 179 deductions prior to the passage of the Small Business Jobs Act of 2010; however, qualified real property may be deducted now. (1**)"

As of current, the limits for Section 179 are up to $500,000 with a $2,500,000 investment ceiling. If you decide to purchase a vehicle for your business on January 1, 2015, Section 179 goes back to a $25,000 limit with a $200,000 investment ceiling.

If you are a business owner, this means big savings for you! There are limitations on vehicle sizes. Make sure you connect with your Accountant and make sure it works for you AND your business!

If you have any questions about Section 179, again make sure you get in touch with your Accountant! Also make sure you take a look at www.Section179.org to get all of the information available. Click Here to get information on the Vehicle Deduction eligibility.

Victory Ford's first 2015 F-150 fresh off the Transport on Dec 20th!

Victory Ford also recently just received our first 2015 F-150! If you are looking for a business vehicle, this one would definitely make you stand out of the crowd!

We also have 2014 F-150s remaining on the Victory Ford lot if you! Don't forget that December is Truck Month at Victory Ford, too! If you buy a 2003 or Newer truck from Victory Ford by Dec. 31st, you will receive $300 in truck accessories! What a great way to end 2014 for all of the business owners out there!

Again, please make sure to get in touch with your accountant on all of the tax information, and if you have any questions about vehicles, please feel free to contact Victory Ford at 563.875.2409!

From all of us here at Victory Ford, we hope you have safe travels for the Holidays, and enjoy the rest of your 2014!

(1**) Wikipedia