Tax Savings on Ram and Jeep Vehicles!
Maximize your tax savings on trucks, vans, and SUVs in Mount Pleasant, South Carolina when you shop our inventory of Ram and Jeep models at Mount Pleasant Chrysler Dodge Jeep Ram that are eligible for Section 168(k) and Section 179. We can help you build your fleet and claim immediate tax deductions worth up to 100% of a vehicle's purchase price;1 let's elevate your business to its next level!
Quick Definitions
What Are Sections 168(k) and 179?
Section 168(k): Tax code 168(k) stipulates that qualified property, including qualifying commercial vehicles or personal vehicles used for business purposes, has a 100% depreciation allowance of the adjusted basis of the qualified property.1,2
Section 179: Under the newly legislated tax code 179, qualifying commercial-use vehicles can be immediately expensed as depreciable business assets up to $2,500,000. Deductions begin to phase out on purchases exceeding $4 million and fully phase out after total purchases of $6.5 million.1,3
SECTION 168(K) TEMPORARY 100% DEDUCTION
Select Jeep® Brand trucks and SUVs, and most Ram Professional trucks and vans, are 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 in 2025. Select upfits purchased at the time of sale may also qualify.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
SECTION 179 FIRST-YEAR EXPENSING
A Ram Professional truck or van, or a Jeep vehicle, are generally considered Section 179 property for US 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 $1,250,000 of Section 179 property during 2025. Upfits purchased at the time of sale may also qualify.
Consult your tax professional to determine your vehicle depreciation and tax benefits.
Jeep Tax Savings at Mount Pleasant Chrysler Dodge Jeep RamSelect Jeep SUVs are eligible for both Section 168(k) and Section 179 tax deductions. If you're launching a shuttle, real estate, event planning, or media production company, an executive-style SUV may be the perfect solution. Plus, up to 60% of your vehicle costs can be offset by immediate tax deductions1 when you purchase any trim level of these qualifying Jeep models at our CDJR dealership:
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Ram Tax Savings at Mount Pleasant Chrysler Dodge Jeep RamThe majority of the Ram lineup is currently eligible for premium tax deductions. Our local CDJR dealership can set you up with the towing and payload capacities your business needs, then guide you toward all available tax incentives. Add one or more of these qualifying Ram models to your fleet for incredible tax savings worth up to 100% of your purchase price:1
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Claim Your Immediate Tax Deductions at Mount Pleasant Chrysler Dodge Jeep Ram Today
Take the guesswork out of business tax savings by choosing Mount Pleasant CJDR as your automotive home. It's our business to maximize your savings thanks to high-value tax deductions on our fleet-ready Ram and Jeep vehicles.
1Fleet/livery incentives may be available to qualified customers on select models. Incentive must be used at time of purchase/lease. All incentive amounts are subject to change without notice and should be confirmed with your dealer at the time of transaction. Contact our dealership for more details.
2Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://uscode.house.gov/view.xhtml?req=(title:26%20section:168%20edition:prelim)
3Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section179&num=0&edition=prelim