2018 Tax Break for RAM Commercial Vehicles

RAM Commercial
RAM Commercial
COUNT ON TAX RELIEF LIKE YOU
CAN COUNT ON OUR TRUCKS.
SECTION 179 FIRST YEAR EXPENSING
A RAM truck is generally considered section 179 property for U.S. Federal Income Tax purposes. 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 placed in service. A qualifying business may expense a new or used vehicle under Section 179. In order to qualify, you must finance or lease your equipment and put it to use by December 31, 2018.
2018 Section 179 Example Calculation
Equipment purchases:                      $50,000
Section 179 Write Off:                      $50,000
100% Bonus Depreciation Deduction:     $0
Normal First Year Depreciation:               $0
Total First Year Deduction:               $50,000
Cash Savings:                                     $17,500
Equipment Cost After Tax Savings:   $32,500
(assuming a 35% tax bracket)
SECTION 168 TEMPORARY 100-PERCENT EXPENSING
Your business 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.
THESE MODELS ARE IN STOCK
AND AVAILABLE NOW.
Includes all rebates and incentives. No cash value. Not available with some other offers. Present upon arrival. Residency restrictions may apply. See dealer for details. Expires 1/2/19.
Consult your tax advisor for complete details on how the Tax Increase Prevention Act of 2015 applies to your business. The information contained in this document is provided by Bonneville & Son Chrysler Jeep Dodge Ram as a public service to its customers. It should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability. For more information about Internal Revenue Code section 179, 168 or 280F, contact your tax advisor or visit the Internal Revenue Service website at www.irs.gov. Any tax advice contained herein is not intended nor written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.
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