RAM Tax Benefits

Tax Benefits

Get Money Back on Your RAM Commercial Vehicle Purchase in Nicholasville, KY

If you want money back for your RAM commercial truck or van purchase, take advantage of RAM tax benefits. Businesses in Nicholasville, KY can deduct up to 100% of the total purchase price of select RAM trucks and vans on this year's taxes under Section 168(k). By treating the cost of their vehicle as a deductible business expense, Lexington, KY drivers can save thousands on the RAM vehicles they use for work. Big M Chrysler Dodge Jeep RAM has a wide selection of RAM commercial vehicles for sale or lease at competitive prices, and you may get cash back after you acquire one.

Enjoy Large Tax Deductions on RAM Commercial Trucks and Vans

A RAM truck is generally considered qualified property for purposes of section 168(k) for U.S. federal income tax purposes. This means taxpayers in Richmond, KY can choose to treat the cost of any qualified RAM vehicle as an expense that can be deducted for the taxable year in which it was acquired and used. These tax incentives can amount to lower taxes for your company or even a huge tax refund.

Receive Tax Credits for Up to 100% of the Purchase Price on Select RAM Vehicles

Business owners in Versailles, KY can find many RAM trucks and vans that are eligible for tax credits of up to 100% of the purchase price at Big M Chrysler Dodge Jeep RAM, including:

  • RAM 1500         
  • RAM 1500 Classic         
  • RAM 1500 Crew Cab (5'7''bed)         
  • RAM 2500HD         
  • RAM 3500HD          
  • RAM 3500, 4500 and 5500 Chassis Cab         
  • RAM ProMaster         
  • RAM ProMaster City Cargo Van
You can also get up to $18,100 of the total purchase price deducted from the Ram ProMaster City Passenger Wagon. Consult your tax professional to determine your vehicle depreciation and total tax benefits.

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 $1,040,000 of Section 179 property during 2020.

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

RAM Light-Duty and Heavy-Duty Pickup Trucks for Sale Near Lexington, KY

RAM commercial trucks and vans are powerful, versatile, and offer a wide array of useful tech features. The RAM 1500 is a full-size pickup that can tow up to 12,750 pounds when properly equipped. It also has a carlike ride, a spacious cabin, and the responsive, intuitive Uconnect infotainment system. People in Danville, KY who need a bigger truck, should check out the RAM 2500HD or the RAM 3500HD. These heavy-duty pickups have even higher tow ratings and helpful features that make towing easier.

RAM Chassis Cab Trucks

If you need even more capability, get the RAM Chassis Cab truck. Available in 3500, 4500, and 5500 models, these trucks can tow up to 35,220 pounds. They also have massive center consoles, and a largest-in-class available 12-inch Uconnect® touchscreen. Optional class-exclusive adaptive LED headlamps make it easier to see at night around turns.

RAM ProMaster Vans

If your company needs a cargo or passenger van, you can find them, as well, at Big M Chrysler Dodge Jeep RAM. RAM ProMaster vans are available in cargo van, window van, chassis cab, or cutaway van models. Louisville drivers can also get ProMaster vans in low- or high-roof body styles and 118-, 136-, and 159-inch wheelbases to meet their needs for cargo or passenger capacity.

Take Advantage of Section 168K Tax Benefits on Qualifying RAM Trucks and Vans

These are just some of the RAM commercial vehicles for sale at Big M Chrysler Dodge Jeep RAM in Nicholasville, KY. Make sure you take advantage of Section 168(k) RAM tax benefits for money back on your favorite RAM commercial trucks and vans. Contact us today for more details.