RAM Commercial Tax Breaks | TX Payne Auto Group

TAKE ADVANTAGE OF

BIG TIME TAX BENEFITS

Deduct up to 100% of the total purchase price of selected RAM tracks and vans on this year’s taxes. Learn more about incentives on RAM commercial vehicles.

SEE DETAILS

2021 FIRST YEAR
DEPRECIATION LIMITS

Up to 100% of the Total Purchase Price Deduction per Vehicle.

Ram 1500
Ram 1500 Classic
Ram 2500 & 3500
Ram 3500, 4500 & 5500 Chassis Cab
Ram ProMaster
Ram ProMaster City Cargo Van
Ram 1500 Crew Cab (5’7’’bed)

Up to $18,100 of the Total Purchase Price Deduction per Vehicle.

Ram ProMaster City Passenger Wagon

THE DETAILS

Now is the time to purchase the additional vehicle(s) needed for your business.
100% expensing for federal income tax purposes may be available on your next Ram Truck purchase.

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 $1,050,000 of Section 179 property during 2021.

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