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Section 179 Tax Deduction

 
THE DETAILS
                                                                  

Now is the time to purchase the additional vehicle(s) needed for your business. Current tax regulations may allow you to expense up to 100% of your truck purchase(s) during the first year of ownership

SECTION 179 FIRST YEAR EXPENSING

                                                                  

A Ram truck is generally considered Section 179 property for U.S. Federal Income Tax purposes.  A taxpayer may elect to treat the cost of any Section 179 property as an expense and it's allowed as a deduction for the taxable year in which the property is placed in service.  A qualifying business may expense up to $500,000 of Section 179 property during 2016.

*Consult your tax professional to determine your vehicle depreciation and tax benefits. 



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