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.*
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.
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A Ram Professional truck or Wagoneer 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 in 2024. Upfits purchased at the time of sale may also qualify.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
A Ram Professional truck, van or Wagoneer 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 $1,220,000 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.
*This incentive is offered by a third party and is subject to change without notice. Please confirm this information to ensure its accuracy and availability. Consult a tax professional for details and eligibility requirements.