Tax Savings

COMMERCIAL TAX SAVINGS

RAM #1

DEDUCT UP TO 100% OF THE TOTAL PURCHASE PRICE

During the first year of purchase and use of select new Ram Professional vehicles, you could get a deduction of up to 100% of the Total Purchase Price per vehicle on your federal tax return with Section 179.

  • • Ram 1500
  • • Ram 1500 Classic
  • • Ram 2500 and 3500
  • • Ram 3500, 4500 and 5500 Chassis Cab
  • • Ram ProMaster®

THE DETAILS

Now is the time to purchase the additional vehicle(s) needed for your business. You may be able to deduct up to 100% of the cost of each vehicle on your federal tax return through Section 179.

Section 168(K) Temporary60% Deduction


A Ram Professional truck or van is generally considered qualified property for purposes of section 168(k) for US federal income tax purposes. This means a taxpayer 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 in 2024. Upfits purchased at the time of sale may also qualify.

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

Section 179 First Year Expensing


A Ram Professional truck or van is generally considered Section 179 property for US 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 $1,220,000 of Section 179 during 2024. Upfits purchased at the time of sale may also qualify.

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

RAM #2

NEW 2024 RAM 1500 CLASSIC TRADESMAN

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VAN

NEW 2024 RAM PROMASTER CITY TRADESMAN SLT CARGO VAN

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REG CAB

NEW 2024 RAM 2500 TRADESMAN CREW CAB

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Shop New

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Shop Used & Demo

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Bill Luke Chrysler Jeep Dodge Ram 33.508424, -112.110354.