Ram Commercial Vehicle Tax Benefits Minnesota

One of the best things about the Ram when it comes to your taxes is that many Ram vehicles are considered Section 179 property which can be used for federal income tax purposes. This means taxpayers can elect to treat the cost of their property, in this case, your Ram commercial vehicle, as an expense during the taxable year when the Ram was placed into service. As a result, qualified businesses can expense up to $1,050,000 of your Section 179 property during the 2022 model year. We here at Coon Rapids Chrysler Dodge Jeep Ram highly recommend that you speak with a tax professional who will help you determine your Ram’s depreciation and tax benefits for 2022.

In addition to the Section 179 expenses, most Ram’s are considered qualified property for section 168 (k), which can also be used for federal income tax purposes. This means the taxpayer can allow any eligible property to be expensed as a deduction during the taxable year when you acquired your Ram and placed it into service or use. Once again, we implore you to consult a tax professional so you can further determine your Ram’s depreciation and tax benefits.

When you get a Ram commercial vehicle, you get a vehicle with a ton of tax breaks, and you will also be getting a powerful vehicle that will last you for many years to come! The Ram lineup consists of numerous excellent pickups and vans. The most popular is the Ram 1500, which has three impressive engine options, a solid and luxury-filled interior, and some fantastic tech items you can only get with a Ram. Included is the Ram 1500’s tech package, which comes with the latest Uconnect system version that has four times faster than the previous version and can process three times as much memory. You also have the option of several special editions that are sure to impress you and your friends! Want to go with something a little more powerful? Then be sure to check out the Ram 2500, which has many of the same features as the Ram 1500 while mixing in a diesel engine and the ability to haul around 20,000 pounds. If you are a business owner, then be sure to check out the ProMaster or ProMaster City! Both of these vehicles come with an Electric Power Steering system which helps eliminate excess loads to the powertrain, and they will give you several options for your ride height and cargo width, giving you the most room in the entire class. Of course, you can always get any of these Rams here at Coon Rapids Chrysler Dodge Jeep Ram!

There are many reasons to get yourself a new Ram, from its remarkable capability to its numerous tax breaks. If you are in the market for a new Ram, then be sure to check out our massive inventory here at Coon Rapids Chrysler Dodge Jeep Ram! When you get to our dealership, you will be immediately greeted by one of our sales reps, who will answer any of the questions you may have about any of the Rams on our lot and set you up with a test drive. Once you find something you like, our finance department will work with your budget, and we can even take your trade-in if you have one! You can also view our complete Ram inventory here on our website!