About Section 179 Tax Deduction and Eligible Ram Vehicles

February 27th, 2017 by

section 179 tax deduction for ram trucks

section 179 tax deduction for ram trucks

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 Miami Lakes Ram here. *

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