CDJR Section 179 Tax Benefit in Hanover, PA

What is the Section 179 Tax Deduction?

If you're looking to save on costs and provide your growing business with the support that it deserves, Ciocca Chrysler, Dodge, Jeep, Ram of Hanover is proud to offer vehicles that are eligible for Section 179 tax savings. The tax code is designed by the U.S. government to assist small-to-medium-sized businesses. Thanks to the Section 179 deduction, you can write off the cost of vehicles that are used for business purposes more than 50% of the time. Section 179 potentially allows a business to claim a 2023 Federal income tax deduction for up to 100% the cost of qualifying vehicles that are acquired and placed in service in 2023, rather than depreciating the cost over time. The vehicle has to be over 6000 lbs and you cannot have equipment expenses over 2.7 million. The deadline to put your truck or van into service and qualify for the current Section 179 tax year savings ends December 31, 2023, so act fast and head to our Ram dealership in Hanover, PA, to browse our eligible vehicles.

Which Ram Vehicles Qualify for Section 179?

• Ram 1500
• Ram 2500
• Ram 3500
• Ram ProMaster®

These are among a few of our Section 179-eligible vehicles for sale, so stop by our Hanover Ram dealer to browse our commercial trucks, SUVs and vans that meet the requirements for Section 179.

What Is the Section 179 Limit for 2023?

If you're looking to take advantage of this tax incentive, know that small businesses can write off up to $1,160,000 for the 2023 tax year for all qualifying property. Section 179 potentially allows businesses to deduct up to 100% of the purchase price per qualifying heavy truck in the first year. Section 179 potentially allows businesses to deduct up to 100% of the purchase price per qualifying heavy truck in the first year. Have any questions? Contact Ciocca Chrysler, Dodge, Jeep, Ram of Hanover to speak with our team and learn more. We also recommend you consult your tax professional before making a purchase.