Now is the Perfect Time to Take Advantage of the 179 Tax Deduction for the Purchase of Business and Commercial Vehicles
Now, we’re not tax-code experts here, but we know a great deal when we see one. When you’re running your own business, keeping it all in the green can be difficult, which is why we’d recommend taking advantage of the Section 179 Tax Deduction for any new Commercial Vehiclepurchases for your business! You already know how hard a Ram truck can work for you, now let the tax code do the same.
— RamTrucks (@RamTrucks) January 18, 2017
For U.S Federal Income Tax purposes, a Ram Truck is usually considered property of Section 179, which allows a taxpayer to treat the cost of any Section 179 property as an expense on your tax filings, making it allowable as a deduction for the tax year during which the aforementioned property is engaged in service. Qualifying businesses might be able to write off up to $500,000 of Section 179 property as expenses during the 2016 tax year, making it the perfect time to trade in and trade up to something better for your business!
Just an example of some of the qualifying vehicles: RAM 1500 Reg Cab, RAM 1500, Quad Cab, Ram 2500, Ram 3500, Ram Chassis Cab 3500, Ram ProMaster 1500, Promaster 2500, and more! that list is by no means exhaustive, so if you’ve got any questions about using the Section 179 Tax Deduction or about which of our commercial vehicles qualifies for the tax deduction. You can reach us at (888) 237-3858 or by coming on into our showroom, found on 254 Pittsburgh Road, Butler, PA. Don’t let this opportunity slip by, make the tax code work on your behalf today!