Commercial Vehicle Tax Benefits

Take Advantage of Big Time Tax Benefits  

Deduct up to 100% of the total purchase price of select Ram Professional trucks and vans on your federal tax return with Section 179. Learn more about tax incentives and business vehicle write-offs on Ram Professional vehicles.  

Deduct up to 100% of the total purchase price. 

During the first year of purchase and use of a Ram Professional vehicle, you could get up to 100% of the Total Purchase Price Deduction per vehicle on your tax return. 

The Details  

Now is the time to purchase the additional vehicle(s) needed for your business. Up to 100% expensing for federal income tax purposes may be available on your next Ram Professional truck or van purchase. 

SECTION 168(K) TEMPORARY 80% DEDUCTION

A Ram Professional truck or van is generally considered qualified property for purposes of section 168(k) for US 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 in 2023. Upfits purchased at the time of sale may also qualify. 

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

SECTION 179 FIRST-YEAR EXPENSING) 

A Ram Professional truck or van 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 and allow a deduction for the taxable year in which the property is acquired and placed in service. A qualifying business may expense up to $1,160,000 of Section 179 during 2023. Upfits purchased at the time of sale may also qualify. 

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