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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. This means a taxpayer may elect to treat the cost 
of any Section 179 property as an expense, allowed as a deduction for the taxable year in which the property is placed in service. A qualifying business may expense up to $510,000 of Section 179 property during 2017. Consult your tax professional to determine your vehicle depreciation and tax benefits.

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


 
Our dedicated Commercial Vehicle Division is focused on what businesses need to keep themselves on the road and up to date with what they need from their vehicle supplier and service facility.  This includes keeping on top of ways that you can save in taxes and rebates through multiple programs.  If you have any questions about Section 179 tax savings, or how we can help limit your tax liability, just reach out to our Commercial Vehicle Division using the contact form below and mention Section 179 in the comments area.  One of our knowledgeable representatives will reach back out to your shortly.

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