Tax Savings
COMMERCIAL TAX SAVINGS
2022 FIRST YEAR DEPRECIATION LIMITS
Up to 100% of the Total Purchase Price 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 $19,200 of the Total Purchase Price Deduction per Vehicle
• Ram ProMaster City Passenger Wagon
The Details
Now is the time to purchase the additional vehicle(s) needed for your business.
100% expensing for federal income tax purposes may be available on your next Ram Truck purchase.
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 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.
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 $1,050,000 of Section 179 property during 2021.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
