,TAKE ADVANTAGE OF BIG-TIME TAX BENEFITS
,Deduct up to 100% of the total purchase price of select Ram Professional trucks and vans on your federal tax return with Section 179. Learn more about tax incentives and business vehicle write-offs on Ram Professional vehicles.
,
SECTION 168(K) TEMPORARY 60% 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.
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.
Consult your tax professional to determine your vehicle depreciation and tax benefits.