What Is the Lincoln Section 179 Tax Deduction?

Lincoln Section 179 Tax Deduction

The Section 179 tax deduction is a great way for small- and medium-sized businesses to save on commercial vehicles or models used for business purposes. Even pre-owned Lincoln vehicles for sale can earn a Section 179 tax deduction, so be sure to reach out to our Lincoln dealer in Westborough to see how you can help your business grow with this incentive. 

The highly skilled auto finance team at our Herb Chambers Company is here to guide you through the Section 179 tax deduction process, so you can take advantage of every way to save on a business vehicle.

New Lincoln SUV parked outside a luxury building
New Lincoln SUV with business woman loading suitcases into trunk
  • 2023 Deduction Limit: $1,160,0001 -- valid on new and used equipment (must be new to the buyer).
  • 2023 Spending Cap: $2,890,0001 -- the max amount that can be spent on equipment before the Section 179 tax deduction begins to reduce on a dollar-for-dollar basis.
  • 2023 Bonus Depreciation: 80%1 -- generally taken after the Spending Cap is reached, valid on new and used equipment.

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