Save on Taxes for Your Business When You Buy a Work Truck
If you’re a business owner, there’s no better time than now to make a move that can save you big on taxes. With Section 179 tax deductions, purchasing or leasing work trucks like Ram trucks, Ram ProMaster vans, and Jeep SUVs can give your business a hefty write-off for the 2024 tax year. Think about it: you can deduct the full purchase price of qualifying vehicles right off your taxes. That’s right—major tax savings on the very vehicles that drive your business forward.
At Jacky Jones CDJR, we’re here to help you take full advantage of these savings while finding the perfect work truck for your needs. Whether you’re looking for a reliable Ram 1500, a versatile Ram ProMaster, or the perfect Jeep SUV, we’ve got a wide selection ready to go. Time is ticking to make the most of year-end tax savings—visit us in Cleveland, Georgia, or contact Jacky Jones CDJR today to see how we can help you maximize your deductions and grow your business!
Maximize Year-End Tax Savings with a New Work Truck Purchase
As the year winds down, it’s time to think about how your business can save on taxes. One of the best ways to do this is by purchasing a new work truck before December 31st. Thanks to Section 179 of the IRS tax code, you can deduct the full purchase price of qualifying vehicles—including Ram trucks—from your gross income. This can lead to major tax savings for your business!
Ram trucks, known for their toughness and reliability, are a top choice for businesses in North Georgia. Whether you need a rugged Ram 1500 or a heavy-duty Ram 2500, these trucks are built to get the job done. By acting now and buying before the end of the year, you can take advantage of this tax break and save money on your business’s tax return.
Don’t miss out on the opportunity to invest in a new Ram truck while also reducing your tax bill. A new work truck can make a big difference for your business, whether it’s hauling materials, transporting clients, or keeping your team on the move. With Ram trucks at Jacky Jones CDJR, you can find the perfect vehicle to match your business needs.
Visit us today to learn more about Ram trucks for sale in Cleveland Georgia and how you can maximize your year-end tax savings. We’re here to help you get the most out of this opportunity!
What to Look For in Your Next Work Truck
How to Claim Your Work Truck on Your Taxes
Claiming your Section 179 tax deduction is a simple process, but you need to follow a few steps carefully. Here’s a quick guide to help you save on taxes when purchasing a vehicle for your business.
- Buy or Lease a Qualified Vehicle
Make sure your vehicle qualifies for Section 179. For example, a Ram ProMaster is eligible, as long as it meets the weight requirements. Vehicles over 6,000 pounds typically qualify. - Use the Vehicle for Business
To qualify for the deduction, the vehicle must be used for business purposes more than 50% of the time. Keep track of how much you use the vehicle for work. - Place the Vehicle in Service
The vehicle must be in service by December 31st of the tax year. This means it must be ready to use for business by that date. - Consult a Tax Professional
While the process is straightforward, consulting a tax pro can help you avoid mistakes. A tax expert can ensure you’re taking full advantage of the Section 179 tax deductions available. - Deduct the Purchase Price
Once your vehicle qualifies, you can deduct the full purchase price (up to the limit) on your taxes for the year. For example, if you buy a Ram ProMaster, the amount you can deduct will depend on how it’s used for your business. - File Your Taxes
Finally, when you file your taxes, report the deduction using IRS Form 4562. This form details the Section 179 deduction for business equipment and vehicles.
By following these steps, you can save on taxes and get the most out of your vehicle purchase.
Visit or contact Jacky Jones CDJR to explore our selection of eligible work vehicles, like the Ram ProMaster, and start saving today!
What Chrysler Vehicles Qualify for a Section 179 Deduction?
Chrysler vehicles that meet the Section 179 requirements typically include certain Chrysler vans used for business purposes. To qualify, the vehicle must be used more than 50% for business use and must meet specific weight and size criteria.
What Dodge Vehicles Qualify for a Section 179 Deduction?
Dodge vehicles such as Dodge Ram trucks and Dodge ProMaster vans are eligible for Section 179 deductions, provided they meet the weight and business-use requirements.
What Jeep Vehicles Qualify for a Section 179 Deduction?
Certain Jeep SUVs may qualify for Section 179 deductions, particularly those with a gross vehicle weight rating (GVWR) over 6,000 pounds, such as the Jeep Grand Cherokee.
What Ram Vehicles Qualify for a Section 179 Deduction?
Many Ram trucks, including Ram 1500, 2500, and 3500 models, qualify for Section 179 deductions. Additionally, Ram ProMaster vans can also be eligible, depending on their weight and business use.
Can you deduct a work truck on your taxes?
Yes, if a work truck meets the Section 179 criteria (primarily used for business, with the proper weight), you can typically deduct the full cost of the vehicle up to certain limits.
Can you deduct a work van on your taxes?
Yes, work vans like the Ram ProMaster and Chrysler vans can be deducted if used primarily for business purposes and meet the Section 179 weight and usage requirements.
Can you deduct a work SUV on your taxes?
Yes, work SUVs that meet the Section 179 qualifications, such as those with a GVWR over 6,000 pounds, can be deducted. Jeep SUVs like the Grand Cherokee are good examples of eligible vehicles.
Maximize Your Tax Savings with the Right Work Trucks and Vans: Explore Our Wide Selection at Jacky Jones CDJR
As you explore ways to save on taxes and improve your business, Jacky Jones CDJR is here to help. Our wide selection of Ram trucks, Jeep SUVs, Dodge Durango, Ram ProMaster, and Chrysler vans are perfect for businesses looking to maximize their investment. Whether you’re based in Cleveland, GA, Gainesville, or anywhere in North Georgia, we have the right vehicle to meet your needs.
Ready to learn more or schedule a test drive? Contact us today or visit our dealership to start exploring your next work vehicle. At Jacky Jones CDJR, we’re dedicated to helping you make smart, cost-saving choices for your business.