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.
Click to viewĀ Commercial Vehicles for sale in Dunn, NC at Bleecker Chrysler Dodge Jeep RAM
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 $1,040,000 of Section 179 property during 2022.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
Click to viewĀ Commercial Vehicles for sale in Dunn, NC at Bleecker Chrysler Dodge Jeep RAM
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