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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.
Contact
Frontier CDJR
1645 E US Highway 66
El Reno, OK 73036-5769
- Sales: (405) 237-4064
- Service: (405) 428-4374
- Parts: (405) 367-8339
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