Vehicle Tax Deductions
Detailed List of Qualifying Vehicles
Ram
Ram:- 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)
Wrangler
Wrangler:- Rubicon with available 3.0L EcoDiesel V6 engine
- All Wrangler 4xe models
Gladiator
- Rubicon
- All Models with available Max Tow Package
- Mojave
- All models with 3.0 EcoDiesel V6 Engine
Up to $19,200 of the Total Purchase Price Deduction Per Vehicle
- Ram ProMaster City® Wagon
What Vehicles Qualify?
Vehicles included under IRS tax code Section 179 are, Ram trucks as well as Jeep Gladiator Rubicon, all models with Max Tow Package, Mojave, all models with 3.0L EcoDiesel V6 engine, Grand Cherokee and Grand Cherokee L, all trims, Grand Cherokee 4XE, and Wrangler Rubicon with available 3.0L EcoDiesel V6 engine, all Wrangler 4XE models, Wagoneer and Grand Wagoneer!
Plus, much more. For a complete rundown on all of the models that would work for you, and work for Section 179 of the tax codes, visit our team of automotive experts. We proudly serve our Massachusetts and Providence, RI customers.
What is IRS Tax Code Section 179?
IRS tax code Section 179 basically states that a business owner who purchases or leases equipment or software for work, can deduct the full purchase amount when they report their annual income come tax time. You can even count up to $1,000,000 of expenses to deduct as part of Section 179 or up to $2,500,000 on equipment purchases. The best part? That "equipment" can be the commercial vehicle you purchase. Businesses are allowed yo depreciate 100% of the cost of eligible equipment bought or financed from September 27, 2017, through 2022.
Find Your Next Commercial Vehicle in North Attleboro
-
First Chrysler Dodge Jeep Ram
280 E. Washington Street
North Attleboro, MA 02760-2313
- Sales: (833)857-9898
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