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 $1,000,000 of Section 179 property during 2018.

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

Section 168(K) 
Temporary 100-Percent 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.

 

Contact

Route 1 Chrysler Dodge Jeep Ram of Lawrenceville

2700 Brunswick Pike
Directions Lawrenceville, NJ 08648-4107

  • Sales: (877) 858-9452
  • Service: (877) 417-1302
  • Parts: (877) 235-9631

Hours

  • Monday 9am - 9pm
  • Tuesday 9am - 9pm
  • Wednesday 9am - 9pm
  • Thursday 9am - 9pm
  • Friday 9am - 6pm
  • Saturday 9am - 6pm
  • Sunday Closed
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