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.

  • • Ram 1500
  • • Ram 2500 & 3500
  • • Ram 3500, 4500 & 5500 Chassis Cab
  • • Ram ProMaster®

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 truck purchase.

SECTION 168(K) TEMPORARY 60% EXPENSING

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 in 2024.

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

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SECTION 179 FIRST-YEAR EXPENSING

A Ram truck 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 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 $1,220,000 of Section 179 during 2024.

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

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