Save with Section 179 Tax Deductions near Crete, NE

Buy The Best For Your Business:
Learn More About Section 179

Buy The Best For Your Business: Learn More About Section 179

If you're a small-business owner looking to buy a new commercial vehicle to help out at the worksite, you may be eligible to take advantage of Section 179 tax deductions. What is the Section 179 Tax Code? Created by the IRS to encourage growth among small-to-medium sized businesses, this 2018 tax deduction allows companies to deduct the complete costs of commercial Ram trucks and other qualifying vehicles, up to $1,000,000. Learn more about how you can save with the Section 179 Tax Deduction when you visit our Chrysler, Dodge, Jeep and Ram dealership near Crete, NE, and speak with a member of our Ram finance team!

Section 179 Tax Write-Off Info

Section 179 Eligibility Guidelines

When you take advantage of the Section 179 Tax Code, your business may be eligible to save up to 100% of the purchase price of commercial Ram vehicles and qualifying equipment bought within the current tax year, up to $1,000,000.

 Vehicles that qualify under the Section 179 Tax Code include:

  • Vehicles with a fully-enclosed driver's compartment or cargo area without seating behind the driver's seat or a body section that extends 30 inches beyond the windshield.
  • Vehicles that provide seating for nine or more passengers.
  • Heavy construction equipment and over-the-road tractors.

You can still save with the Section 179 Tax Deduction if you're buying a passenger Ram truck or Dodge SUV, so long as they are used for business purposes at least 50% of the time. If these vehicles are not used for business reasons 100% of the time, however, their depreciation limits are reduced by a corresponding amount. The total Section 179 deduction combined with Bonus Depreciation is limited to $11,160 for cars and $11,560 for trucks and vans. Exceptions to these limits may include:

  • Ambulances and hearses.
  • Select non-personal use vehicles that have been modified for business use.
  • Taxis and other transportation vehicles with the specific purpose of transporting people or property for hire.
  • Additional heavy non-SUV vehicles that have a cargo area with an interior length a minimum of six feet -- many Ram trucks qualify under this! 
Section 179 Tax Write-Off Info

Further Section 179 Information

You can apply Section 179 tax deductions to new, used or Certified Pre-Owned Ram trucks and other qualifying equipment and vehicles -- what matters is that the vehicle is new to your company. In order to claim the Section 179 Tax Deduction for vehicles purchases in the current tax year, you must register the title of the vehicle under your company's name and put it into service by December 31, 2018!

Qualifying Ram Trucks and Other Vehicles under Section 179 May Include:

  • Ram 1500
  • Ram 2500
  • Ram 3500
  • Ram Promaster®
  • Ram Promaster City®
  • Ram Chassis Cab
  • Dodge Durango
  • Dodge Journey
  • Dodge Charger
  • Jeep Grand Cherokee
  • Chrysler Pacifica 

Find out how you can save on a Ram commercial truck, Dodge SUV or other qualifying vehicles with the Section 179 Tax Deduction by visiting our Dodge and Ram dealership near Crete, NE. Contact Baxter Chrysler Dodge Jeep Ram Lincoln to learn more, and don't forget to put your new vehicle into service by December 31, 2018!

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