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577 Columbian Street
Directions Weymouth, MA 02190

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Section 179 Commerical Tax




THE DETAILS

Now is the time to purchase the additional vehicle(s) needed for your business. Current tax regulations may allow you to expense up to 100% of your truck purchase(s) during the first year of ownership.


SECTION 179 FIRST-YEAR EXPENSING
A Ram® truck 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, allowed as a deduction for the taxable year in which the property is placed in service. A qualifying business may expense up to $500,000 of Section 179 property during 2016.

Consult your tax professional to determine your vehicle depreciation and tax benefits.

    
 
ELIGIBLE VEHICLES  
RAM 1500 Crew Cab 5'7" Box
RAM ProMaster® City Cargo Van
 
ELIGIBLE VEHICLES

                                    RAM 1500 Reg Cab
                                    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 
 
  Promaster City passenger van may be eligible for up to $11,560 in total deductions in year 1. The listed property expensing restrictions provided in Section 280F do not apply to a vehicle that is considered to be a qualified nonpersonal use vehicle. A qualified nonpersonal use vehicle is by virtue of its nature or design not likely used more than a de minimis amount for personal purposes. For more information, see Income Tax Regulation Section 1.280F-6(c)(3)(iii). Income Tax Regulation Section 1.274-5(k)(7). Publication 946 - How to Depreciate Property and consult your tax advisor as to the proper tax treatment of all business-vehicle purchases.