DEDUCT UP TO 100% OF THE PURCHASE PRICE OF YOUR VEHICLE IN THE FIRST YEAR.
2019 FIRST YEAR DEPRECIATION LIMITS
Up to 100% of the Total Purchase Price Deduction per Vehicle
• Ram 1500
• Ram 1500 Classic
• Ram 2500 & 3500
• Ram 3500, 4500 & 5500 Chassis Cab
• Ram ProMaster
• Ram ProMaster City Cargo Van
• Ram 1500 Crew Cab (5'7''bed)
Up to $18,100 of the Total Purchase Price Deduction per Vehicle
• Ram ProMaster City Passenger Wagon
SECTION 168(k)
A Ram truck 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.
SECTION 179
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 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 $1,020,000 of Section 179 property during 2019.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
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