Jeep & Ram Section 179 Tax Deduction

Unlock a whole new level of growth for your small business with a versatile commercial vehicle from Scott Robinson Chrysler Dodge Jeep Ram. Our Jeep and Ram dealership near Los Angeles boasts an expansive range of trucks, SUVs and vans primed for the esteemed Section 179 tax deduction, enabling you to write off up to the entire purchase price of the vehicle. Take full advantage of this tax break and ensure the vehicle is acquired and operational by December 31, 2023. Connect with us today to pave the way for new business opportunities!

Explore options from heavy-duty Ram 2500 trucks to the adventurous Jeep Gladiator, and discover the perfect addition to your business fleet that can benefit from the Section 179 tax savings. Forge ahead by visiting Scott Robinson Chrysler Dodge Jeep Ram in Torrance or cruise through our online inventory to find your match!

2023 Ram Trucks in a dirt lot
2023 Jeep Grand Cherokees driving through rough terrain

What Are the 2023 Section 179 Limits? 

Section 179 tax deductions are specifically designed to support the financial health of small to medium-sized businesses by alleviating the burden of vehicle expenses. This tax incentive has stipulated boundaries to ensure it serves the businesses it’s intended for, with the following deduction limits for this year:1

  • 2023 Section 179 Deduction Limit: $1,160,000 — applicable to both new and pre-owned equipment, provided the equipment is new to you.
  • 2023 Bonus Depreciation: 80% — valid for new and used equipment.
  • Passenger Vehicles Deduction Cap: Vehicles such as pickups and heavy SUVs weighing between 6,000 and 14,000 pounds may be eligible for a maximum first-year deduction of $28,900.

 

Vehicles Eligible for Section 179  

The eligible new Ram trucks and other vehicles that you can claim Section 179 tax savings on include:

  • Chrysler Pacifica
  • Dodge Durango
  • Dodge Grand Caravan
  • Jeep Grand Cherokee
  • Jeep Grand Cherokee L
  • Jeep Wrangler Unlimited
  • Jeep Gladiator Rubicon
  • Ram 1500
  • Ram 2500
  • Ram 3500
  • Ram ProMaster®