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
$1,000,000 of Section 179 property during
2018.
Consult your tax professional to determine your
vehicle depreciation and tax benefits.
Section 168(K)
Temporary 100-Percent
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.
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