Ram Section 179 Tax Deduction | Jeep Sales near Defiance, OH

Two Ram 1500 in front of a barn

Attention Business Owners!

When you want to buy a new Ram truck or Jeep SUV for your growing business, you have the opportunity to save with the Section 179 tax deduction. The Section 179 tax write-off was designed to help small businesses invest in themselves. The Section 179 write-off allows business owners to write off up to the full purchase price of a vehicle that's used for business purposes at least 50% of the time. Browse the Section 179-eligible vehicles at our Dodge, Chrysler, Ram and Jeep dealership near Defiance, and our team can help you secure a financing offer that works for you!

2022 Section 179 Tax Deduction Details

  • Total annual deduction: Up to $1,080,0001
  • Bonus Depreciation: 100%1
  • Vehicle must be delivered and put into service by 12/31/20221
  • Section 179 deduction limit: $11,160 for cars (including Bonus Depreciation)1
  • Section 179 deduction limit: $11,560 for trucks and vans (including Bonus Depreciation)1

2022 Section 179 Vehicle Requirements

  • New or used vehicles
  • Purchased, not leased
  • Used for business purposes at least 50% of the time1
  • Vehicle must be delivered and put into service by 12/31/20221

Which Vehicles Qualify for Section 179?

Curious which new Ram trucks and used Jeep SUVs qualify for the Section 179 tax savings? So long as a vehicle is used for business purposes at least 50% of the time and put into service by end of day on December 31, 2022, it's likely it will qualify for at least a partial tax deduction. Eligible Section 179 Ram and Jeep models include:

  • Ram 1500
  • Ram 2500
  • Ram 3500
  • Ram Chassis Cab
  • Ram ProMaster®
  • Ram ProMaster City®
  • Jeep Gladiator
  • Jeep Grand Cherokee
  • Jeep Grand Cherokee WK
  • Jeep Grand Cherokee 4xe
  • Jeep Wrangler
  • WAGONEER models
  • GRAND WAGONEER models 

Contact Terry Henricks Chrysler Dodge Jeep Ram to speak with one of our sales professionals and we'll help you claim Section 179 tax savings. We look forward to helping local businesses invest in themselves; visit our nearby Ram and Jeep dealer today.

1  All information accurate at time of publication. See dealer for full details.