SECTION 168(K) TEMPORARY 40% 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 2025. Upfits purchased at the time of sale may also qualify.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
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 $1,250,000 of Section 179 property during 2025. Upfits purchased at the time of sale may also qualify.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
CALCULATE BENEFITS
Use the Section 179 Tax Deduction Calculator to calculate tax benefits for your small business. All fields are required. Include the cost of any qualifying upfits in your total cost.
This calculator is for estimation purposes. Consult a tax or financial professional for more information.
GET MORE VALUE
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ON THE JOB® ALLOWANCE
As a Ram Professional you may qualify for an On The Job® Allowance toward professional vehicle upgrades and upfits on select models.
THE LATEST AND GREATEST
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