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Section 179 Tax Benefit

Many times, businesses that require commercial vehicles need several of them. Unfortunately, this costs a lot of money and is difficult for new businesses. Right now, we have good news for you! In the spirit of tax season we want to share this commercial vehicle tax deduction information because it could help you get a new Ram truck. Could save you money and stress!

Section 179 Tax Deduction

Simply put, if you need a truck or commercial vehicle for business purposes, you can write it off under a section 179 tax deduction. All this means is you are writing the vehicle off as a property expense for the tax year. In most cases, Ram trucks (for business) and commercial vehicles will be considered under the 179 tax deduction. A qualified business can deduct up to $500,000 worth of property under section 179. Be sure to contact your business tax professional for the specifics for your business.

Ram vehicles eligible to be covered up to $25,000 of the purchase cost in the first year:

RAM 1500 Crew Cab 5'7″ Box

RAM ProMaster City Cargo Van

Ram vehicles eligible to expense up to 100%of the purchase cost in the first year:  

RAM 1500 Reg Cab

RAM 1500 Quad Cab

RAM 1500 Crew Cab 6'4″ Box

RAM 2500

RAM 3500

RAM Chassis Cab 3500

RAM Chassis Cab 4500

RAM Chassis Cab 5500

RAM ProMaster 1500

RAM ProMaster 2500

RAM ProMaster 3500  

Happy tax season! We hope you found this information beneficial. If you are going to be participating in the section 179 deduction this year and purchasing a Ram vehicle, you've come to the right place. Check out our entire Ram inventory at CDJR Of Seattle right here.

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