Lincoln Section 179 Tax Deduction in Naperville, IL
If you own a small business or work for yourself, the Section 179 tax deduction for tax year 2026 may help you invest in a luxury vehicle that works as hard as you do. Our team at Fair Oaks Lincoln in Naperville is here to walk you through the business-use Lincoln SUVs in our inventory and connect you with financing built around your goals. As the No. 1 volume Lincoln dealer in Illinois and a Lincoln President's Award winner in both 2023 and 2024, we make it easy to shop with confidence when a new Lincoln is on your list.
The information below is provided for informational purposes only, so please consult a qualified tax professional to confirm how Section 179 applies to your specific situation before making a purchase.
2026 Section 179 Tax Deduction Overview & Limits
Section 179 of the IRS tax code lets qualifying businesses deduct the cost of eligible equipment, including certain business-use vehicles, in the year they're purchased and placed into service. It's designed as a true small-business incentive that rewards Chicagoland companies for investing in the vehicles they need to grow. Review the general guidelines below, then talk with your tax advisor before you plan your purchase.
- 2026 Deduction Limit: $2,560,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2026 Spending Cap: $4,090,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Deduction begins to be reduced on a dollar-for-dollar basis -- this cap is what makes it a "small business tax incentive"
- Complete phase-out at $6,650,000
- 2026 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20261
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Which Lincoln Vehicles Qualify for Section 179?
How a new or used Lincoln qualifies under Section 179 depends largely on its gross vehicle weight rating (GVWR) and how it's used for your business. Heavier work-focused vehicles are generally treated more favorably than lighter passenger vehicles, which is why the categories below matter as you plan your investment.
- New & Used Vocational Trucks and Vans: Full Section 179 deduction available1
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW) (excludes some pickups/vans): $32,000 maximum Section 1791
- Cars, Light Trucks & SUVs (Under 6,000 lbs.): Subject to IRS "luxury auto" depreciation limits (Section 280F)1
Eligible new Lincoln models may include the Aviator and Navigator, both refined SUVs that many local business owners rely on. Our knowledgeable sales team can show you which options may line up with the Section 179 category that fits your plans.
How Do I Use the Section 179 Tax Incentive?
Taking advantage of Section 179 starts with choosing a qualifying Lincoln and placing it into business use before December 31, 2026. You'll generally need to document that the vehicle is used for business purposes more than 50% of the time and that it's titled in your company's name rather than your personal name. Our Lincoln finance team can guide you through selecting an eligible model, though your accountant or tax professional should always confirm the exact deduction you can claim.
Commercial Lincoln Vehicles for Sale Near Me
When Chicagoland business owners want a dealership in Naperville that pairs luxury with real expertise, they turn to Fair Oaks Lincoln. As the No. 1 volume Lincoln dealer in Illinois and a local Lincoln Black Label dealer, we offer the largest Lincoln selection in the state, from custom factory order options to used cars for sale.
Visit us today in Naperville or contact our team to explore qualifying Lincoln SUVs and take the next step toward your Section 179 tax strategy.
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
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Lincoln Section 179 Tax Deduction FAQs
Can vehicles be deducted under Section 179?
Yes, Section 179 lets qualifying businesses deduct the cost of eligible business-use vehicles in the year they're purchased and placed into service, provided the vehicle is used for business more than 50% of the time and titled in the company's name. Our finance team at Fair Oaks Lincoln in Naperville, IL, can help you explore qualifying Lincoln SUVs like the Aviator and Navigator.
Does Section 179 apply for used car purchases?
Yes, Section 179 applies to both new and used equipment as long as the vehicle is new to the buyer. The 2026 100% bonus depreciation also applies to new and used qualifying assets, and it's generally taken after the spending cap is reached.
Can Section 179 be claimed multiple times?
Section 179 can generally be used each tax year on qualifying equipment placed into service, subject to the annual deduction limit and spending cap. To take advantage for 2026, a qualifying Lincoln must be purchased and put into use before December 31, 2026. Always consult a qualified tax professional to confirm how the rules apply to your specific situation.
What is the Section 179 tax deduction limit?
For 2026, the Section 179 deduction limit is $2,560,000, good on new and used equipment that's purchased or leased. Keep in mind that heavy SUVs and trucks over 6,000 lbs. GVW are subject to a $32,000 maximum, while lighter vehicles fall under IRS luxury auto limits.
What is the 2026 Section 179 spending cap?
The 2026 spending cap is $4,090,000, the maximum a business can spend on equipment before the deduction begins to reduce on a dollar-for-dollar basis, with complete phase-out at $6,650,000. This cap is what makes Section 179 a true small-business incentive.