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Ram Tax Benefits

Ram 1500 Jellybean

Did you know you can get money back for your RAM commercial truck or van purchase by taking advantage of tax benefits? You may qualify for Ram trucks and vans tax benefits via Section 168(k) and Section 179 of U.S. Federal Income Tax code. These tax codes allow for property owned as part of a business to be written off (up to a certain point). Consider the information below for qualification details, then be sure to reach out to your tax professional for further details.

Ready to invest in a Ram van or truck? Now is the time to purchase the additional vehicle(s) needed for your business. 100% expensing for federal income tax purposes may be available on your next Ram Truck purchase. Carman CJDR in New Castle, DE, has the best new vehicles available in our growing inventory. You can also consider finance and lease offers by contacting our expert financing department.

2022 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 $19,200 of the Total Purchase Price Deduction per Vehicle:

  • Ram ProMaster City Wagon

Ram Tax Benefits | Carman CJDR

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MY22 RAM 2500

Section 168(K) Temporary 100% 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. Consult your tax professional to determine your vehicle depreciation and tax benefits.

Section 179 First-Year Expensing

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 $1,080,000 of Section 179 during 2022. Consult your tax professional to determine your vehicle depreciation and tax benefits.

MY21 RAM 3500

If you’re searching for the best selection of RAM trucks and vans, swing by our dealership in New Castle, DE! Our friendly sales staff will help you discover the ideal work truck for your needs. Once you know the Ram truck or van that’s perfect for your business, our financing team will walk you through the entire process. For more information, feel free to contact Carmen CJDR today!

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While great effort is made to ensure the accuracy of the information on this site, errors can occur.
Please verify all pricing information with a customer service representative.
This is easily done by calling us or visiting us at the dealership.