DEDUCT UP TO 100% OF THE TOTAL PURCHASE PRICE
- • Ram 1500
- • Ram 1500 Classic
- • 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 80% 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 2023.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
![Image Alt](/content/dam/fca-fleet/na/fleet/en_us/section168/section-168K-desktop.jpg.fleetimage.1440.jpg)
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 $1,160,000 of Section 179 during 2023.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
![2023 Ram ProMaster 159](/content/dam/fca-fleet/na/fleet/en_us/section168/section-179K-desktop.jpg.fleetimage.1440.jpg)