Commercial Vehicle Tax Deductions at Koons Ford of Silver Spring
Get a 100 Percent Tax Deductible Truck at Koons Ford Commercial Trucks
Does your workplace in Silver Spring, MD need a new truck, but you don't know if you want to spend that much money? Remember that vehicles you purchase for work are tax-deductible, and trucks are often 100 percent tax-deductible.
Tax Deductions
A lot of what you do for work can be tax-deductible, and buying a truck is no different. Anything with a Gross Vehicle Weight Rating of 6,000 pounds or more, which most of our trucks are, and that are for business use can be 100 percent deducted from that year's taxes. Thanks to the Tax Cuts and Jobs Act, the truck can be new or used to qualify for the tax deduction near Silver Spring, MD.
Of course, being 100 percent deductible doesn't mean the truck is free. It does mean that you get to subtract a substantial part of the price from your taxes, depending on your tax bracket. For example, if you're in the 24 percent tax bracket, you can deduct a full 24 percent of the truck's price from your taxes!
What Qualifies near Silver Spring, MD
Almost every new vehicle in our inventory has a GVWR of 6,000 pounds or more, so your options are wide open. You might be interested in an F250 for a powerful pickup truck, or if you're looking for something a bit bigger and enclosed, you can grab the E450 for a spacious box truck. To double-check if a vehicle qualifies, you can look in the specs and dimensions for GVWR.
Make Your Job Easier in Silver Spring, MD
Having a new truck to carry your equipment will make your work that much simpler. Come visit us so we can help you find the perfect commercial truck for your job at Koons Commercial Trucks. We're just down the road from Silver Spring, MD!