Ram Trucks & Vans Tax Benefits: Section 168(k) & Section 179 Eligibility

Tax Benefits

Did you know that you may be eligible for Ram trucks and vans tax benefits? Section 168(k) and Section 179 of U.S. Federal Income Tax code allow for property owned as part of a business to be written off up to a certain point. Consult this page for key information, then be sure to reach out to your tax professional for further details.

Would you like to invest in a Ram van or truck? Greenbrier CDJR in Lewisburg, WV, has a wide array of options for you to take advantage of in our inventory. You can also explore our finance and lease offers to accrue excellent savings. Do you have any questions? One of our representatives would be delighted to help you by phone at (877) 689-5925.

Section 168(k) Tax Deduction Explained

For U.S. Federal Income Tax purposes, Ram vehicles are generally considered 168(k) eligible. A taxpayer can choose to indicate that the cost of any qualified property is a deductible expense for the taxable year that the property is obtained and starts being used.

Section 179 Tax Deduction Explained

A Ram vehicle can be deemed Section 179 property per U.S. Federal Income Tax code. You, as a taxpayer, can write off the Section 179 property as a business expense and use it as a deductible for the taxable year in which the property, in this case the Ram vehicle, is acquired and begins use as a business vehicle.

Ram Trucks & Vans for Sale in Lewisburg, WV

Are you interested in a Ram truck or van from our Greenbrier CDJR dealership in Lewisburg, WV? We have a well-stocked inventory and intriguing finance or lease deals available for your perusal. If you have any questions, please feel free to reach out to a member of our team by phone at (877) 689-5925.

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