Tax Benefits on Ram Inventory
Tax Write-Offs for RAM Trucks
Did you know that you can write off your RAM work truck on your taxes? That’s right! When a small business or commercial group purchases or leases a new RAM truck for business purposes, they can take advantage of the IRS Section 179 and get a tax write off.
At Ed Voyles Chrysler Dodge Jeep Ram, we have the very best selection of work trucks including RAM 1500s, 2500s, and 3500s in Marietta near Smyrna, Woodstock, and Atlanta. Learn more about the Section 179 tax-write off, then visit our dealership to learn more about work truck inventory.
How does the Section 179 Tax Write Off Work?
A RAM truck 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. This is allowed as a deduction for the taxable year in which the property is placed in service.
Right now, a qualifying business may expense up to $510,000 of Section 179 property during 2017. Plus, a 50% bonus depreciation has been reinstated for the 2017 tax year and extended through 2019. This allows you to deduct an additional 50% of the amount over $500,000, in addition to your standard depreciation deduction. With the IRS Section 179, small business owners and commercial groups can save big when they purchase a RAM work truck in Atlanta!
Eligible RAM Work Trucks for Tax-Write Off Purposes
Many RAM work trucks are eligible for the Section 179 tax write off. Vehicles that are eligible up to $25,000 of the purchase cost in the first year include:
RAM 1500 Crew Cab 5’7″ Box
RAM ProMaster City Cargo Van
Small business owners and commercial groups can expense up to 100% of the purchase cost in the first year, up to a $510,000 aggregate dollar limitation, on the following vehicles:
- RAM 1500 Reg Cab/li>
- RAM 1500 Quad Cab
- RAM 1500 Crew Cab 6’4″ Box
- RAM 2500
- RAM 3500
- RAM Chassis Cab 3500
- RAM Chassis Cab 4500
- RAM Chassis Cab 5500
- RAM ProMaster® 1500
- RAM ProMaster® 2500
- RAM ProMaster® 3500
Visit Ed Voyles Chrysler Dodge Jeep Ram for the Largest Selection of RAM Work Trucks in Atlanta
If you are looking for the best selection of work trucks, visit Ed Voyles Chrysler Dodge Jeep Ram in Marietta near Kennesaw! Our knowledgeable sales staff will help you find the best work truck for your business’ needs. Once you find your ideal RAM truck, our financing team will walk you through the entire process and help you to find a great auto loan rate. Visit our dealership to learn more about our work truck inventory and call us at 866-786-3718 if you have any questions.
Auto Finance & Tax Incentives for Businesses
Ask us about Commercial Financing & Tax Savings!
- Competitive Rates and Terms for purchase
- Seasonal Payment Options
- Trac Lease Financing
- We can help you establish a Commercial Line of Credit
- Upfit Financing for Ram 3500/4500 & 5500 bodies
- IRS Section 179 and Bonus Depreciation (attached By Model Lookup)
We’re always on the lookout for the best financing options for you, our valued Commercial business customers!