Take Advantage Of The Section 179 Tax Deduction Today!
It’s mid-December and hopefully, you’ve finished your holiday shopping so the rest of your down time this month can be spent with family. Although those of us at Larry Roesch Chrysler Dodge Jeep® RAM are busy with our end of the year sales and specials, we want to take a moment to remind you about the upcoming Section 179 Tax Deduction deadline. This deduction allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year, or by December 31, 2016.
A RAM truck typically qualifies as Section 179 property for U.S. Federal Income Tax purposes. This means a taxpayer may treat the purchase of any Section 179 property as an expense and deduct it for the taxable year of 2016. A qualifying business may expense up to $500,000 of Section 179 property for 2016.
Come in today and expense up to 100 percent of the purchase cost for the first year on the 2017 RAM 2500, 2017 RAM 3500, and the RAM Chassis Cab, to name a few; contact us for a full listing of qualifying vehicles. Or you can expense up to $25,000 of the purchase cost in the first year on a RAM 1500 Crew Cab 5’7”and RAM Promaster City Cargo Van. Both offer remote keyless entry, ample safety features, and loads of cargo room.
If you’re looking to take advantage of the Section 179 Deduction while there’s still time, come into Larry Roesch Chrysler Dodge Jeep RAM right away! We’ve got qualifying and well-performing RAM trucks that can be more than useful for virtually any business. More into cargo vans? We’d love to show you a 2017 RAM ProMaster near Chicago, IL, today!