Businesses that buy new equipment can take the Section 179 Deduction on their taxes. The Internal Revenue Service (IRS) manages this program.Section 179 allows eligible businesses to deduct the full purchase price of qualifying equipment in the year it was put into service. Section 179 deduction is a tax incentive available to US businesses, allowing them to deduct the full purchase price of qualifying equipment or software. With asset depreciation your business saves on taxes if you own property, equipment, vehicles, or fixtures that can be claimed with Section 179 deductions. Under Section 179, you can claim a deduction in the current year. Section 179 allows business taxpayers to deduct the cost of certain property as an expense when the property is first placed in service. Section 179 is the current IRS tax code that allows you to buy qualifying Ford vehicles and deduct up to the full purchase price (including any amount financed)