Most of the Ram commercial vehicles are eligible to be deemed as qualified property for federal tax purposes under Section 168(k). This means that the taxpayer can treat the cost of the vehicle as a business expense, allowing for a tax deduction for the year in which it was bought and put to use. You should consult with a tax expert about these benefits before filing your business’s taxes.
Ram commercial trucks are viewed as Section 179 property by the IRS for federal income tax purposes. Section 179 is what allows business owners to treat the cost of qualifying property, in this case, a Ram commercial truck, as a business expense for the tax year. For example, qualified businesses have a $1,050,000 allowance for Section 179 property during a given tax year. Again, to further understand this benefit, you should speak with a tax professional before filing.
Other Benefits of Using a Ram Commercial Vehicle
One of the most popular benefits of owning a Ram truck for your business is the seemingly endless amount of options available. From the light-duty Ram 1500 to the Heavy Duty 2500 or 3500 to the 4500 or 5500 Chassis Cab, there is a commercial truck for everyone. Additionally, Ram offers a selection of vans, including the ProMaster and smaller ProMaster City, offering a wide variety of options and configurations. All you need to do is decide what vehicle would best suit the needs of your business. For instance, the Chassis Cab is great for landscapers, as Ram offers an array of upfit options. Meanwhile, plumbers, electricians, and HVAC specialists frequently choose the ProMaster van, as it can be outfitted with anything they need for their equipment and tools. Whatever your business needs to stay on the road, the expert sales team here at Arrigo Chrysler Dodge Jeep Ram at Sawgrass can help you find the exact truck or van with the perfect upfit.
Shop Ram Commercial inventory at Arrigo CDJR at Sawgrass
With a wide array of vehicles and upfit options, plus impressive tax benefits, it’s no wonder why business owners choose Ram for their commercial vehicle needs more than any other brand. If you’re interested in getting a Ram truck or van for your business, the sales team here at Arrigo Chrysler Dodge Jeep Ram at Sawgrass can help. Start your search right here on our website to find the commercial truck right for you. Or, if you prefer, visit us in-store to speak with a friendly sales expert to discuss your needs and be guided toward the perfect vehicle. We hope to see you soon!