Tax Benefits

 

SECTION 168 (k) and 179 ACCELERATED DEPRECIATION

BOOST YOUR BUSINESS. LOWER YOUR TAX BILL.

CUSTOMERS CAN EXPENSE UP TO 100% OF A NEW RAM COMMERCIAL VEHICLE PURCHASE ON 2019 TAXES!

MUST PURCHASE BY THE END OF DECEMBER TO BE ELIGIBLE FOR 2019 TAX BENEFITS

2019 First Year Depreciation Limits

Up to 100% Total Deduction per Vehicle

  • Ram 1500
  • Ram 1500 Classic
  • Ram 2500 & 3500
  • Ram 3500, 4500, & 5500 Chassis Cab
  • Ram ProMaster
  • Ram ProMaster City Cargo Van
  • Ram 1500 Crew Cab (5’7” bed)

Up to $18,000 Total Deduction per Vehicle

  • Ram ProMaster City Passenger Wagon

The Details

Section 168(K) Temporary 100% Expensing

A Ram Truck is generally considered qualified property for purposes of section 168(k) for U.S. Federal Income Tax purposes.  This means a taxpaer may elect to treat the cost of any qualified property as an expense allowed as a deduction for the taxable year in which the property is acquired and placed in service.

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

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 and allowed as a deduction for the taxable year in which the property is acquired and placed in service. A qualifying business may expense up to $1,020,000 of Section 179 property during 2019.

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

Visit Us: 10541 Woodcrest Dr NW, Minneapolis, MN, 55433
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Coon Rapids Chrysler Jeep Dodge RAM 45.1616404, -93.2855459.